GoldenTree Asset Management

Last updated
GoldenTree Asset Management
Company type Privately held
Industry Asset Management
Founded2000 (2000)
Founder Steven Tananbaum
Headquarters
AUM US $47 billion (2022) [1]
Number of employees
270

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 West Palm Beach, Florida, Charlotte, North Carolina, Dublin, London, Singapore, Sydney, Tokyo, and Dubai. [2] [3] [4]

Contents

History

The firm was founded in 2000 by chief investment officer Steven Tananbaum. [5] [6] In 2013, the firm was ranked in Bloomberg's 100 Top-Performing Large Hedge Funds. [7]

As of 2021, GoldenTree had over 270 employees. [6]

Investment strategy

GoldenTree is a global credit manager that focuses on credit opportunities across high-yield bonds; leveraged loans; distressed, structured products; and emerging markets debt. [5] It is one of the world’s largest independent asset managers focused on credit. [8] [9] GoldenTree manages over $47 billion for institutional investors including public and corporate pensions, endowments, foundations, and sovereign wealth funds. [10]

Related Research Articles

A hedge fund is a pooled investment fund that holds liquid assets and that makes use of complex trading and risk management techniques to improve investment performance and insulate returns from market risk. Among these portfolio techniques are short selling and the use of leverage and derivative instruments. In the United States, financial regulations require that hedge funds be marketed only to institutional investors and high-net-worth individuals.

<span class="mw-page-title-main">D. E. Shaw & Co.</span> U.S.-based investment management firm

D. E. Shaw & Co., L.P. is a multinational investment management firm founded in 1988 by David E. Shaw and based in New York City. The company is known for developing complicated mathematical models and computer programs to exploit anomalies in financial markets. As of December 1, 2023, D. E. Shaw has $60 billion in assets under management, including alternative investments and long strategies.

Investcorp is a global manager of alternative investment products, for private and institutional clients. Founded in Bahrain in 1982, the firm has offices in United States, United Kingdom, Saudi Arabia, Qatar, United Arab Emirates, India, China, Japan, and Singapore. Investcorp's principal client base is in the six countries of the Gulf Cooperation Council, but it also has a growing base of institutional clients in North America, Europe, and Asia.

<span class="mw-page-title-main">Bridgewater Associates</span> U.S. based investment management firm

Bridgewater Associates, LP is an American investment management firm founded by Ray Dalio in 1975. The firm serves institutional clients including pension funds, endowments, foundations, foreign governments, and central banks. As of 2022, Bridgewater has posted the second highest gains of any hedge fund since its inception in 1975. The firm began as an institutional investment advisory service, graduated to institutional investing, and pioneered the risk parity investment approach in 1996.

<span class="mw-page-title-main">Wellington Management Company</span> American investment management firm

Wellington Management Company is a private, independent investment management firm with client assets under management totaling over US$1 trillion based in Boston, Massachusetts, United States.

<span class="mw-page-title-main">T. Rowe Price</span> American publicly owned investment firm

T. Rowe Price Group, Inc. is an American publicly owned global investment management firm that offers funds, subadvisory services, separate account management, and retirement plans and services for individuals, institutions, and financial intermediaries. The firm has assets under management of more than $1.51 trillion and annual revenues of $6.48 billion as of 2023, placing it 537 on the Fortune 1000 list of the largest U.S. companies. Headquartered at 100 East Pratt Street in Baltimore, Maryland, it has 7,868 employees across 17 international offices serving clients in 55 countries.

<span class="mw-page-title-main">Liongate Capital Management</span>

Liongate Capital Management was a global investment management firm, focused on creating and managing fund of hedge fund investments for institutional and private investors. Liongate was founded in 2003 by Ben Funk, Jeff Holland and Randall Dillard and was closed in 2015. Prior to its closure it managed a range of funds of hedge funds, and some bespoke multi-strategy funds, in both commingled funds and tailored, single client portfolios.

AlpInvest Partners is a global private equity asset manager with over $85 billion of committed capital since inception as of December 31, 2022. The firm invests on behalf of more than 450 institutional investors from North America, Asia, Europe, South America and Africa.

<span class="mw-page-title-main">TPG Angelo Gordon</span> American investment management company

TPG Angelo Gordon is a global alternative investment manager founded in 1988 by John Angelo and Michael Gordon who together ran the arbitrage department of L.F. Rothschild in the 1980s. The firm focuses on four main investment disciplines: credit, real estate, private equity, and multi-strategy.

Blackstone Credit, formerly known as GSO Capital Partners (GSO) is an American hedge fund and the credit investment arm of The Blackstone Group. Blackstone Credit is one of the largest credit-oriented alternative asset managers in the world and a major participant in the leveraged finance marketplace. The firm invests across a variety of credit oriented strategies and products including collateralized loan obligation vehicles investing in secured loans, hedge funds focused on special situations investments, mezzanine debt funds and private equity funds focused on rescue financing.

Brevan Howard is a European hedge fund management company based in Jersey with its funds domiciled in the Cayman Islands. Brevan Howard was founded in 2002 by Alan Howard, alongside four other co-founders including Chris Rokos, and is widely considered to be one of the top global macro hedge funds.

<span class="mw-page-title-main">King Street Capital Management</span> New York investment management firm

King Street Capital Management is an American investment management company founded in 1995 by Brian J. Higgins and Francis Biondi Jr. As of 2024, King Street Capital Management managed approximately $26 billion of assets. The firm employs approximately 250 employees and operates offices in New York, London, Singapore, Charlottesville, Virginia, Dublin, Tokyo, Dubai and Palo Alto.

<span class="mw-page-title-main">AQR Capital</span> Global investment management firm

AQR Capital Management is a global investment management firm based in Greenwich, Connecticut, United States. The firm, which was founded in 1998 by Cliff Asness, David Kabiller, John Liew, and Robert Krail, offers a variety of quantitatively driven alternative and traditional investment vehicles to both institutional clients and financial advisors. The firm is primarily owned by its founders and principals. AQR has additional offices in Boston, Chicago, Los Angeles, Bangalore, Hong Kong, London, Sydney, and Tokyo.

<span class="mw-page-title-main">Appaloosa Management</span> American hedge fund

Appaloosa Management is an American hedge fund founded in 1993 by David Tepper and Jack Walton specializing in distressed debt. Appaloosa Management invests in public equity and fixed income markets around the world.

<span class="mw-page-title-main">GCM Grosvenor</span> American alternative asset management firm

GCM Grosvenor is an American alternative asset management firm, with approximately $76 billion in assets under management and approximately 530 professionals as of 2023.

<span class="mw-page-title-main">Winton Group</span> British investment management firm

Winton Group, Ltd is a British investment management firm founded by David Harding. In the United States, Winton is registered with the Securities and Exchange Commission as an investment advisor and with the Commodity Futures Trading Commission as a CTA, and is authorised by the Financial Conduct Authority in the UK. The company trades on more than 100 global futures markets in a wide variety of asset classes and on global equity markets. The firm was launched with $1.6 million in 1997, reached a peak of $28.5 billion in assets under advisement, before dropping to $7.3 billion by late 2020. Winton Group has six offices around the world: London, New York, Hong Kong, Shanghai, Sydney, and Abu Dhabi.

<span class="mw-page-title-main">CQS (Asset Manager)</span> London-based global multi-strategy credit-focused asset management firm

CQS is a London-based global multi-strategy credit-focused asset management firm. It launched its first credit strategy in 2000 and now manages a range of investment mandates. Specific investment capabilities include convertibles, asset backed securities, credit, loans, structured credit, and equities.

<span class="mw-page-title-main">Davidson Kempner Capital Management</span> Global institutional alternative investment management firm

Davidson Kempner Capital Management LP is a global institutional alternative investment management firm with over $36 billion in assets under management. Davidson Kempner is headquartered in New York City, with additional offices in London, Hong Kong, Dublin, Philadelphia, Shenzhen and Mumbai. The firm is led by Anthony A. Yoseloff who serves as Executive Managing Member and Chief Investment Officer.

York Capital Management is a global institutional investment management firm with approximately $18.5 billion in assets under management as of June 2019. The firm was founded in 1991 by Jamie Dinan.

<span class="mw-page-title-main">Steven Tananbaum</span> American hedge fund manager

Steven Andrew Tananbaum is an American hedge fund manager. He is the chief investment officer of GoldenTree Asset Management, which he founded in 2000. He manages the firm's investment team and oversees the executive committee. In 2018, Bloomberg referred to Tananbaum as "one of Wall Street’s biggest investors in distressed debt."

References

  1. "GoldenTree affiliate raises nearly $500m in latest CLO". Alternatives Watch.
  2. "GoldenTree Asset Management's longtime top lawyer is retiring, and the firm has a new general counsel picked out". Business Insider. March 22, 2021.
  3. "GoldenTree Is Making Its Biggest Bet Yet on Private Credit With $1.5 Billion Fund". Bloomberg. Retrieved May 19, 2022.
  4. Writer, Verdict Staff (2023-02-28). "GoldenTree Asset Management to set up new office in Dubai". Private Banker International. Retrieved 2024-06-19.
  5. 1 2 Schatzker, Erik (March 2, 2022). "Tananbaum's GoldenTree Attacks Volatility Era With Crypto Play". Bloomberg.
  6. 1 2 "GoldenTree Announces Closing of $390 Million CLO Under GLM Strategy". Benzinga.
  7. "The 100 Top-Performing Large Hedge Funds". Bloomberg L.P. January 4, 2013.
  8. "GoldenTree Asset Management". World Economic Forum.
  9. "GoldenTree Asset Management - Harvest". www.hvst.com. Retrieved 2024-11-19.
  10. Ghosh, Palash (July 10, 2023). "GoldenTree Asset Management brings on principal". Pensions & Investments.