Beginning in early 2000, Steve Tananbaum founded and was instrumental in the building of GoldenTree Asset Management into an organization which is known for its bottom up value investment process, focused on the credit markets. GoldenTree has produced strong competitive returns broadly across product lines since its inception. Also known for its partnership culture, GoldenTree has grown to an organization of 26 partners, 201 employees and approximately $24 billion of assets under management. Prior to forming GoldenTree, Mr. Tananbaum joined MacKay Shields as an investment specialist in 1989 and became head of their high yield group in 1991. MacKay Shields’ high yield mutual funds were rated in the top 5% by Lipper during the period June 1, 1991 through December 31, 1999. In 1997, Mr. Tananbaum formed and was lead portfolio manager of the firm’s hedge fund area. Prior to joining MacKay Shields, Mr. Tananbaum worked primarily on high yield and merger & acquisition transactions in the corporate finance department of Kidder, Peabody & Co. He holds a B.A. in economics from Vassar College. A CFA charterholder, he is a member of the Council on Foreign Relations.
