Monday, 30 November 2015
Last updated 2 days ago
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.”
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…