Steven Andrew Tananbaum (born 1964 or 1965) is an American hedge fund manager, the founding partner and chief investment officer of

GoldenTree Asset Management GoldenTree Asset Management is an American asset management firm that was founded in 2000. The firm has its headquarters in New York City and offices in Charlotte, North Carolina, Dublin, London, Singapore, Sydney, Tokyo, and West Palm Beach. ...

, which he founded in 2000. 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 and m ...

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

Early life

Tananbaum earned a bachelor's degree in Economics from

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, closely foll ...

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. Tananbaum founded GoldenTree Asset Management in 2000. In 2007, the ''

Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Ni ...

'' included Tananbaum in their list of "The 20 rising hedge fund stars". As of March 2019, GoldenTree has about $28 billion in assets under management (AUM).

Personal life

In 1992, Tananbaum married Lisa A. Munster. She graduated from

Northwestern University Northwestern University is a private research university in Evanston, Illinois. Founded in 1851, Northwestern is the oldest chartered university in Illinois and is ranked among the most prestigious academic institutions in the world. Charte ...

in 1986, majoring in political science. They live in Palm Beach, Florida and

Westchester County, New York Westchester County is located in the U.S. state of New York. It is the seventh most populous county in the State of New York and the most populous north of New York City. According to the 2020 United States Census, the county had a population ...

, and are both art collectors.

Art collecting

Collection

Their collection includes works by

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

Brice Marden Brice Marden (born October 15, 1938) is an American artist generally described as Minimalist, although his work may be hard to categorize. He lives and works in New York City; Tivoli, New York; Hydra, Greece; and Eagles Mere, Pennsylvania. Lif ...

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, c ...

Frank Stella Frank Philip Stella (born May 12, 1936) is an American painter, sculptor and printmaker, noted for his work in the areas of minimalism and post-painterly abstraction. Stella lives and works in New York City. Biography Frank Stella was born in Ma ...

Willem de Kooning Willem de Kooning (; ; April 24, 1904 – March 19, 1997) was a Dutch-American abstract expressionist artist. He was born in Rotterdam and moved to the United States in 1926, becoming an American citizen in 1962. In 1943, he married painter El ...

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

Jenny Saville Jennifer Anne Saville (born 7 May 1970) is a contemporary British 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 and ...

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

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 architecture and landscape colour photographs, often using a high point of view. His works ...

, and

Tom Sachs Tom Sachs (born July 26, 1966) is an American contemporary artist who lives and works in New York City. Life and early career Sachs was born in New York City on July 26, 1966. He grew up in Westport, Connecticut, attending high school at Green ...

Legal proceedings

''Tananbaum v. Gagosian Gallery, 651889/2018'' - In 2018 Tananbaum sued the

Gagosian Gallery Gagosian is a contemporary art gallery owned and directed by Larry Gagosian. The gallery exhibits some of the most influential artists of the 20th and 21st centuries. There are 16 gallery spaces: five in New York City; three in London; two in P ...

, 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.

Philanthropy

In 2017, they gave $1 million to the Block Museum of Art at

to endow the position of the Steven and Lisa Munster Tananbaum Curator of Modern and Contemporary Art.

References

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