Steven Tananbaum

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Steven Tananbaum
Born1964/1965 (age 56–57)[1]
NationalityAmerican
EducationVassar College[2]
OccupationHedge fund manager
Known for•Co-founder of GoldenTree Asset Management
•Art collector
TitleChief investment officer, GoldenTree Asset Management
Spouse(s)Lisa A. Munster[3]

Steven Andrew Tananbaum (born 1964/1965) 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]

Early life[]

Tananbaum earned a bachelor's degree in Economics from Vassar College.[2]

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]

In 2007, the Financial Times included Tananbaum in their list of "The 20 rising hedge fund stars".[1]

As of March 2019, GoldenTree has about $28 billion in assets under management (AUM).[2]

Personal life[]

In 1992, Tananbaum married Lisa A. Munster.[5] She graduated from Northwestern University in 1986, majoring in political science.[3] They live in Palm Beach, Florida and Westchester County, New York, and are both art collectors.[6]

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.[6]

Legal proceedings[]

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][7]

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


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