Asset management firm, GOLDENTREE, which currently handles over $41 billion in assets under management is reportedly buying bitcoin.
According to recent reports , the firm is adding bitcoin to its balance sheet in a bid to diversify its portfolio. The move offers the firm a more broad mix of debt-focused strategies, according to sources close to the matter.
The report also states that GoldenTree is considering hiring cryptocurrency investment and operational experts in its bid to shift attention to the industry.
What is GOLDENTREE?
GoldenTree is an employee-owned, global asset management firm that specializes in opportunities across the credit universe in sectors such as high yield bonds, leveraged loans, distressed debt, structured products, emerging markets, private equity and credit-themed equities. It was founded in 2000 and is one of the largest independent asset managers focused on credit. GoldenTree manages nearly $45 billion1 for institutional investors including leading public and corporate pensions, endowments, foundations, insurance companies and sovereign wealth funds.
GoldenTree has invested globally since its inception in 2000 and established a local presence in Europe in 2005. GoldenTree’s approach is designed to facilitate seamless communication across our global investment team. Today, the firm’s global footprint includes offices in New York, West Palm Beach, London, Singapore, Sydney, Tokyo and Dublin. In addition, GoldenTree is supported by a diverse capital base of institutional investors including leading public and corporate pensions, endowments, foundations, insurance companies and sovereign wealth funds.
They believe their governance structure is unique in that they offer their employees a path to partnership, which allows the firm to attract and maintain top-quality talent. Moreover, They believe GoldenTree has one of the most experienced teams of investment professionals in the industry, with over 60 investment professionals with average experience across the team of 16 years. Prior to joining GoldenTree, a number of members of our investment team were ranked as leaders in their peer group by Institutional Investor’s All-American Research Team survey.