GoldenTree, Real Estate Unit Announce Future Spin-Off

Jun 23 2010 | 10:32am ET

Hedge fund firm GoldenTree Asset Management plans to spin off its real estate investment business.

In advance of the split, which is expected to come this year, the New York-based firm will rename its GoldenTree InSite Partners on July 1. The newly-dubbed GTIS Partners will become independent of its parent company when it has reached an undisclosed level of assets under management.

GoldenTree will continue to own a stake in GTIS after the spin-off, and the two firms will maintain an investment relationship.

“When GTAM’s CEO and founder, Steve Tananbaum, and I formed the joint venture in 2005, we agreed that when GTIS achieved these benchmarks, it would become an independent entity,” said GTIS Partners President Tom Shapiro. “GTAM has been an outstanding partner to us, and we look forward to our continued collaboration.”


In Depth

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

Agecroft Partners: Hedge Fund Industry Assets to increase $250B by Summer 2016

Aug 11 2015 | 11:29am ET

Assets will continue to flow into the hedge fund industry despite long-standing...

 

Editor's Note