GoldenTree Co-Founder Wagner To Retire

Dec 22 2010 | 11:40am ET

The co-founder of GoldenTree Asset Management is retiring.

Leon Wagner will leave the New York-based credit hedge fund at the end of the year, more than a decade after setting it up with Steve Tannanbaum and Steve Shapiro. He plans to take some time off before considering his next move and will not join another money manager immediately.

Wagner also plans to leave most of his money invested in GoldenTree’s funds, the firm said. He will not be replaced as chairman and managing member.

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