Steven Tananbaum

Steven Andrew Tananbaum (born 1964 or 1965) is an American hedge fund manager, the founding partner and chief investment officer of GoldenTree Asset Management, which he founded in 2000. In 2018, Bloomberg referred to Tananbaum as "one of Wall Street’s biggest investors in distressed debt."[4]

Steven Tananbaum
Born1964 or 1965 (age 58–59)[1]
NationalityAmerican
EducationVassar College[2]
OccupationHedge fund manager
Known for•Co-founder of GoldenTree Asset Management
•Art collector
TitleChief investment officer, GoldenTree Asset Management
SpouseLisa A. Munster[3]

As of April 2023, Steven Tananbaum had a net worth of at least $2.28 Billion.[5]

Career

He worked for Kidder, Peabody & Co., before joining MacKay Shields, where he led the firm's high yield group, but left to start his own company.[2]

Tananbaum founded GoldenTree Asset Management in 2000.[2]

As of July 2023, GoldenTree had about $50 billion in assets under management (AUM).[6]

Personal life

In 1992, Tananbaum married Lisa A. Munster.[7] She graduated from Northwestern University in 1986, majoring in political science.[3] They live in Palm Beach, Florida and are both art collectors.[8]

Art collecting

Collection

Their collection includes works by Damien Hirst, Brice Marden, Ellsworth Kelly, Frank Stella, Willem de Kooning, Gerhard Richter, Jenny Saville, Takashi Murakami, Andreas Gursky, and Tom Sachs.[8]

Tananbaum v. Gagosian Gallery, 651889/2018 - In 2018 Tananbaum sued the Gagosian Gallery, a New York gallery claiming that the gallery and the artist Jeff Koons "over the non-delivery of three Koons sculptures" specifically claiming that deposits were accepted and the delivery of the works delayed.[4][9]

Philanthropy

In 2017, they gave $1 million to the Block Museum of Art at Northwestern University to endow the position of the Steven and Lisa Munster Tananbaum Curator of Modern and Contemporary Art.[3]

References
  1. Thomas, Helen (July 5, 2007). "The 20 Rising Hedge Fund Stars". No. Alphaville. Financial Times. Nikkei. Retrieved September 6, 2019.
  2. Zdinjak, Nina (March 5, 2019). "Steven Tananbaum's GoldenTree Asset Management's Return, AUM, and Holdings". No. Hedge Funds. Insider Monkey. Koala Guide LLC. Retrieved September 6, 2019.
  3. Kulke, Stephanie (July 10, 2017). "Tananbaums endow curator position at Block Museum of Art". United States: Northwestern Now. Northwestern University. Retrieved September 6, 2019.
  4. Kazakina, Katya; Dolmetsch, Chris (April 19, 2018). "Artist Jeff Koons and New York Gallery Accused of Inappropriate Practices in Suit". No. Art. United States: Bloomberg News. Bloomberg L.P. Retrieved September 6, 2019.
  5. "Steven Tananbaum Net Worth & Insider Trades". Benzinga. September 2, 2021. Archived from the original on April 21, 2023. Retrieved July 18, 2023.
  6. Ghosh, Palash (July 10, 2023). "GoldenTree Asset Management brings on principal". Pensions & Investments.
  7. "ENGAGEMENTS; Lisa A. Munster, S. A. Tananbaum". New York Times. No. Engagements. The New York Times Company. August 30, 1992. p. 13. Retrieved September 6, 2019.
  8. "The Top 200 Collectors - Lisa and Steve Tananbaum". ARTNEWS. ArtNews Media, LLC. 2019. Retrieved September 6, 2019.
  9. Hurtado, Patricia (August 30, 2019). "Wall Street Art Collector's Suit for 'Balloon Venus' Moves Ahead". No. Art. United States: Bloomberg News. Bloomberg L.P. Retrieved September 6, 2019.
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