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GoldenTree Asset Management: What To Know About

GoldenTree-Asset-Management

Contact Details

US Address: 300 Park Avenue, 21st Floor, New York, NY 10022
Phone: (212) 847-3500, Fax: (212) 847-3537

Company Background

Steven Tananbaum launched GoldenTree Asset in 2000, after operating in the credit markets for more than a decade. The company has also recruited 25 investors and grown to more than 250 staff worldwide. The firm was handling more than $5 billion within three years of its launch, delivering high returns from the get-go. It is highly respected and is known for being top performers in its funds.

Goldentree Asset represents institutional clients with nearly $30 billion in assets under management (AUM), including public and private trusts, endowments, foundations, insurance providers, family offices, and sovereign wealth funds. %52 of its clients are not in the U.S., according to the latest SEC filings. Their website claims that the organization can help its customers in more than 20 languages.

GoldenTree has offices at below locations:

  • New York
  • London 
  • Singapore 
  • Sydney 
  • Dublin 
  • Tokyo

Executive Team

  • Steven A. Tananbaum – Founding Partner & Chief Investment Officer
  • Steven Shapiro – Partner
  • Lee Kruter – Partner & Head of North American Bonds and Loans
  • Pierre de Chillaz – Partner & Head of European Investments
  • Joseph Naggar – Partner, Head of Structured Products & Chair of Risk Committee
  • Ted S. Lodge – Partner & Global Head of Restructurings and Turnarounds
  • Kathy Sutherland – Partner & Head of Business Development and Strategy
  • Deeb Salem – Partner & Head of Trading
  • Christopher Hayward – Partner & President

What Types of Clients Does The Company Accept?

As already stated, Goldentree Asset operates primarily with institutional investors. According to SEC statistics, the majority of the company ‘s customers are pooled investment funds which the business operates on behalf of institutional investors. The majority of the customers are businesses or other organizations, local or regional government entities, investment and profit-sharing plans, and insurance providers.

What does GoldenTree is specialized in?

GoldenTree can provide its investors over 50 customized accounts with individualized return profiles. That means they have dedicated plans for every type of investor. You may be the risk taker to earn more, or the cautious guy prioritizing to preserve his capital. There are different types of plans that may suit your needs.

GoldenTree specialized in below sectors,

  • High yield bonds
  • Leveraged loans
  • Distressed debt
  • Structured products
  • Emerging markets 
  • Private equity 
  • Credit-themed equities

Strategies Offered By GoldenTree

Below are the strategies implemented by the company to manage investors capital. 

Long Only Strategies

  • Multi-Sector Strategy
  • Emerging Markets Strategy
  • European Value Strategy
  • Structured Product Strategy
  • Value Strategy
  • Loan Strategy

Alternative Strategies

  • Master Strategy
  • Credit Opportunity Strategies
  • Distressed Strategy
  • Opportunistic Structured Product Strategy 

The names all look cool and scientific. However, why would an investment management company need to list the name of strategies they use on their website?

Also, there are only one to two sentences of details provided for each strategy. Definitely not enough information for an institutional investor that wants to make millions of dollars investment with the company.

Minimum Account Sizes

Many of Goldentree Asset’s private funds have a minimum contribution of $1,000,000, but the firm does not disclose such minimums, according to its SEC filings. That said, the accounts of its institutional investors are likely much larger.

Ratings

According to the company site GoldenTree is awarded a few times and that is fine.

However, the business is not accredited by BBB ( Better Business Bureau), which helps customers to find businesses they can trust. Also, there are no customer reviews about the company on BBB website.

The company is not listed on BCA (Business Consumer Alliance) as well. There is also no information on ripoffreport website about the company. 

I couldn’t find any positive or negative reviews of earlier customers of the business although I have checked the most reputable platforms.

Isn’t it weird to find no positive or negative review for a company that has $30 billion assets under management?

Final Verdict

Although the business has a big team and a few international office locations, there is still very little information about the company on the web. There is definitely a shortage of materials explaining how they would help investors to grow their capital from the scratch.

I mean, think about it for a second. 

You want to invest millions of dollars as an institutional investor with a business. However, the company website provides very basic information only. Almost none of the processes the company is utilizing is clearly explained.

When it comes to investment, trust is everything and that is built through transparency. I would expect from a company of this size to include a ton of instructional and educational materials on their website. 

No Fee Information

Asset management companies exist to make a profit from your investment. They usually charge a fee, also a percentage of your actual return on your investment.

That being said, I haven’t seen any information about the fees on the company website. 

How much money would you be charged if you would allow GoldenTree to manage your investment? 

All these puzzles need to be clearly solved and explained on the company website if the business is planning to establish trust with the investors. 

Do I think GoldenTree Asset Management is a scam? 

I don’t think so. However, I am not convinced if the company would consistently grow investors’ capital as it is claimed. 

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