GoldenTree Asset Management

GoldenTree Asset Management is an American asset management firm that was founded in 2000. The firm has its headquarters in New York City and offices in London and Singapore.[1]

History

The firm was founded in 2000 by Steven Tananbaum.[2] As of 2020, the firm has over $33 billion of assets under management. GoldenTree has over 250 employees of which 27 are partners.[3] The firm is ranked in Bloomberg’s 100 Top-Performing Large Hedge Funds.[4]

Investments

On 16 November 2018, Johnston Press announced it was filing for administration, intending to sell its assets to its creditors,[5] the largest creditor with about £70m of bonds, being Goldentree Asset Management. [6][7]

Investment strategy

GoldenTree is a global credit manager that specializes in credit opportunities across high yield bonds, leveraged loans, distressed, structured products and emerging markets debt.[8] GoldenTree manages over $30 billion for institutional investors including public and corporate pensions, endowments, foundations, and sovereign wealth funds.[9]

References
  1. "Our Firm". GoldenTree Asset Management. Retrieved November 24, 2016.
  2. "Hedge Fund - GoldenTree Asset Management". Insider Monkey. September 30, 2016.
  3. "GoldenTree Asset Management". LinkedIn. Retrieved November 21, 2016.
  4. "The 100 Top-Performing Large Hedge Funds". Bloomberg L.P. January 4, 2013.
  5. "Johnston Press announces intention to file for administration".
  6. Garrahan, Matthew; Wells, Peter. "Troubled Johnston Press agrees administration deal with lenders". The Financial Times.
  7. "Johnston Press announces irescue plan".
  8. "Strategies". GoldenTree Asset Management. Retrieved November 24, 2016.
  9. Sam Forgione (November 17, 2016). "GoldenTree's Tananbaum bullish on Puerto Rico bonds into 2017". Reuters.
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