Steven Andrew Tananbaum (born 1964 or 1965) 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 Bloomberg may refer to: People * Daniel J. Bloomberg (1905–1984), audio engineer * Georgina Bloomberg (born 1983), professional equestrian * Michael Bloomberg (born 1942), American businessman and founder of Bloomberg L.P.; politician a ...

'' referred to Tananbaum as "one of Wall Street’s biggest investors in distressed debt."

Career

Tananbaum worked for Kidder, Peabody & Co., before joining MacKay Shields, where he led the firm's high yield group. He left in 2000 and founded GoldenTree Asset Management. As of July 2023, GoldenTree had about $50 billion in

assets under management In finance, assets under management (AUM), sometimes called fund under management, refers to the total market value of all financial assets that a financial institution—such as a mutual fund, venture capital firm, or depository institutio ...

(AUM).

Personal life

Tananbaum is a

Vassar College Vassar College ( ) is a private liberal arts college in Poughkeepsie, New York, United States. Founded in 1861 by Matthew Vassar, it was the second degree-granting institution of higher education for women in the United States. The college be ...

graduate. In 1992, Tananbaum married Lisa A. Munster. They live in

Palm Beach, Florida Palm Beach is an incorporated town in Palm Beach County, Florida, United States. Located on a barrier island in east-central Palm Beach County, the town is separated from West Palm Beach, Florida, West Palm Beach and Lake Worth Beach, Florida, ...

. As of April 2023, Tananbaum had an estimated net worth of about $2.28 billion. Tananbaum is a member of the

Council on Foreign Relations The Council on Foreign Relations (CFR) is an American think tank focused on Foreign policy of the United States, U.S. foreign policy and international relations. Founded in 1921, it is an independent and nonpartisan 501(c)(3) nonprofit organi ...

Art collecting

Collection

Tananbaum's art collection includes works by

Damien Hirst Damien Steven Hirst (; né Brennan; born 7 June 1965) is an English artist and art collector. He was one of the Young British Artists (YBAs) who dominated the art scene in the UK during the 1990s. He is reportedly the United Kingdom's richest ...

Brice Marden Nicholas Brice Marden Jr. (October 15, 1938 – August 9, 2023) was an American artist generally described as minimalist, although his work has roots in abstract expressionism, color field painting. and lyrical abstraction. He lived and worked i ...

Ellsworth Kelly Ellsworth Kelly (May 31, 1923 – December 27, 2015) was an American painter, sculptor, and printmaker associated with hard-edge painting, Color field painting and minimalism. His works demonstrate unassuming techniques emphasizing line, col ...

Frank Stella Frank Philip Stella (May 12, 1936 – May 4, 2024) was an American painter, sculptor, and printmaker, noted for his work in the areas of minimalism and post-painterly abstraction. He lived and worked in New York City for much of his career befor ...

Willem de Kooning Willem de Kooning ( , ; April 24, 1904 – March 19, 1997) was a Dutch-American abstract expressionist artist. Born in Rotterdam, in the Netherlands, he moved to the United States in 1926, becoming a US citizen in 1962. In 1943, he married pa ...

Gerhard Richter Gerhard Richter (; born 9 February 1932) is a German visual artist. Richter has produced Abstract art, abstract as well as photorealistic paintings, photographs and Glass art, glass pieces. He is widely regarded as one of the most important con ...

Jenny Saville Jennifer Anne Saville (born 7 May 1970) is a contemporary English painter and an original member of the Young British Artists.Royal Academy of ArtsJenny Saville RA , Artist , Royal Academy of Arts accessdate: 29 August 2014 Saville works an ...

Takashi Murakami is a Japanese contemporary artist. He works in fine arts (such as painting and sculpture) as well as commercial media (such as fashion, merchandise, and animation) and is known for blurring the line between High art, high and low arts. His wo ...

Andreas Gursky Andreas Gursky (born 15 January 1955) is a German photographer and professor at the Kunstakademie Düsseldorf, Germany. He is known for his Large format (photography), large format architecture and Landscape photography, landscape colour photog ...

, and Tom Sachs.

Legal proceedings

In 2018 Tananbaum sued the

Gagosian Gallery The Gagosian Gallery is a modern and contemporary art gallery owned and directed by Larry Gagosian. The gallery exhibits some of the most well-known artists of the 20th and 21st centuries. As of 2024, Gagosian employs 300 people at 19 exhibiti ...

(''Tananbaum v. Gagosian Gallery, 651889/2018'') "over the non-delivery of three

Koons Koons is a surname. People with that name include: People * Benjamin F. Koons (1844–1903), American academic administrator * Jeff Koons (born 1955), American artist * Darell Koons (1924–2016), American painter * Harry Koons (1862–1932), A ...

sculptures" claiming that deposits were accepted and delivery of the works, including a "Balloon Venus", were delayed. In January 2020, an agreement was filed in Manhattan Supreme Court and the case was settled; terms were undisclosed.

Philanthropy

In 2017, the Tananbaums gave $1 million to endow a curatorial position at the Block Museum of Art at

Northwestern University Northwestern University (NU) is a Private university, private research university in Evanston, Illinois, United States. Established in 1851 to serve the historic Northwest Territory, it is the oldest University charter, chartered university in ...

References

Living people 1960s births American hedge fund managers American company founders Vassar College alumni People from Palm Beach, Florida Chief investment officers American billionaires {{US-business-bio-1960s-stub