# Steven Tananbaum
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{{Short description|American hedge fund manager}}
{{Use American English|date=April 2026}}
{{Use mdy dates|date=July 2023}}
{{Infobox person
| name = Steven Tananbaum
| image = Steven Andrew Tananbaum (born c. 1965) at World Economic Forum Davos 2024.png
| caption = Tananbaum in 2024
| birth_date = {{birth based on age as of date |42|2007|07|05}}[{{cite news |last1=Thomas|first1=Helen|title=The 20 Rising Hedge Fund Stars|url=https://ftalphaville.ft.com/2007/07/05/5688/the-20-rising-hedge-fund-stars/ |accessdate=6 September 2019|agency=Nikkei|issue=Alphaville|publisher=Financial Times|date=5 July 2007|language=English|url-access=subscription }}]
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| education = [Vassar College](/source/Vassar_College)
| occupation = Hedge fund manager
| known_for = Founder and chief investment officer, [GoldenTree Asset Management](/source/GoldenTree_Asset_Management)[{{Cite web|last=Scigliuzzo|first=Davide|title=GoldenTree Is Making Its Biggest Bet Yet on Private Credit With $1.5 Billion Fund|url=https://www.bloomberg.com/news/articles/2022-05-19/goldentree-eyes-1-5-billion-for-debut-private-credit-fund|date=May 19, 2022|website=Bloomberg}}]
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| spouse = Lisa A. Munster[{{cite web |last1=Kulke |first1=Stephanie |title=Tananbaums endow curator position at Block Museum of Art |url=https://news.northwestern.edu/stories/2017/july/tananbaums-endow-curator-position-at-block-museum-of-art/ |accessdate=6 September 2019 |publisher=Northwestern Now|date=10 July 2017}}]
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'''Steven Andrew Tananbaum''' (born 1964 or 1965) is an American hedge fund manager. He is the chief investment officer of [GoldenTree Asset Management](/source/GoldenTree_Asset_Management), which he founded in 2000. He manages the firm's investment team and oversees the executive committee. In 2018, ''[Bloomberg](/source/Bloomberg_L.P.)'' referred to Tananbaum as "one of Wall Street’s biggest investors in distressed debt."[{{cite news |last1=Kazakina |first1=Katya|last2=Dolmetsch |first2=Chris |title=Artist Jeff Koons and New York Gallery Accused of Inappropriate Practices in Suit |url=https://www.bloomberg.com/news/articles/2018-04-19/n-y-gallery-artist-accused-of-inappropriate-practices-in-suit |accessdate=6 September 2019 |publisher=Bloomberg News|date=19 April 2018}}]
==Career==
Tananbaum worked for [Kidder, Peabody & Co.](/source/Kidder%2C_Peabody_%26_Co.), before joining [MacKay Shields](/source/New_York_Life_Investments), 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](/source/assets_under_management) (AUM).[{{Cite web| last=Ghosh |first=Palash |title=GoldenTree Asset Management brings on principal |url=https://www.pionline.com/money-management/goldentree-asset-management-brings-chad-plotke-principal |date=July 10, 2023|website=Pensions & Investments}}]
==Personal life==
Tananbaum is a [Vassar College](/source/Vassar_College) graduate.[{{cite news|title=Engagements; Lisa A. Munster, S. A. Tananbaum|url=https://www.nytimes.com/1992/08/30/style/engagements-lisa-a-munster-s-a-tananbaum.html|accessdate=2024-02-02 |page=13|newspaper=The New York Times|date=30 August 1992|language=English}}] They live in [Palm Beach, Florida](/source/Palm_Beach%2C_Florida).[{{cite web |title=Steven Tananbaum Net Worth & Insider Trades |url=https://www.benzinga.com/sec/insider-trades/thry/steven-tananbaum |website=Benzinga |access-date=18 July 2023 |archive-url=https://web.archive.org/web/20230421054111/https://www.benzinga.com/sec/insider-trades/thry/steven-tananbaum |archive-date=Apr 21, 2023 |date=September 2, 2021 |url-status=live}}]
Tananbaum is a member of the [Council on Foreign Relations](/source/Council_on_Foreign_Relations).{{citation needed|date=February 2024}}
==Art collecting==
=== Collection ===
Tananbaum's art collection includes works by [Damien Hirst](/source/Damien_Hirst), [Brice Marden](/source/Brice_Marden), [Ellsworth Kelly](/source/Ellsworth_Kelly), [Frank Stella](/source/Frank_Stella), [Willem de Kooning](/source/Willem_de_Kooning), [Gerhard Richter](/source/Gerhard_Richter), [Jenny Saville](/source/Jenny_Saville), [Takashi Murakami](/source/Takashi_Murakami), [Andreas Gursky](/source/Andreas_Gursky), and [Tom Sachs](/source/Tom_Sachs_(artist)).[{{cite web|title=The Top 200 Collectors - Lisa and Steve Tananbaum|url=http://www.artnews.com/top200/lisa-and-steve-tananbaum/ |accessdate=6 September 2019 |publisher=ArtNews Media, LLC|date=2019}}]
===Legal proceedings===
In 2018 Tananbaum sued the [Gagosian Gallery](/source/Gagosian_Gallery) (''Tananbaum v. Gagosian Gallery, 651889/2018'') "over the non-delivery of three [Koons](/source/Jeff_Koons) sculptures" claiming that deposits were accepted and delivery of the works, including a "Balloon Venus", were delayed.[{{cite news |last1=Hurtado|first1=Patricia |title=Wall Street Art Collector's Suit for 'Balloon Venus' Moves Ahead |url=https://www.bloomberg.com/news/articles/2019-08-30/wall-street-art-collector-s-suit-for-balloon-venus-moves-ahead |accessdate=6 September 2019 |publisher=Bloomberg News|date=30 August 2019}}] In January 2020, an agreement was filed in [Manhattan Supreme Court](/source/New_York_Supreme_Court) and the case was settled; terms were undisclosed.[{{Cite web |last=DeGregory |first=Priscilla |title=Sculptor Jeff Koons settles $13M dispute with investor |url=https://nypost.com/2020/01/31/sculptor-jeff-koons-settles-13m-dispute-with-investor/|date=January 31, 2020|website=New York Post}}]
==Philanthropy==
In 2017, the Tananbaums gave $1 million to endow a curatorial position at the [Block Museum of Art](/source/Mary_and_Leigh_Block_Museum_of_Art) at [Northwestern University](/source/Northwestern_University).