GoldenTree Asset Management is an employee-owned firm concentrated on finding opportunities across the credit market. Their expertise spread to several sectors including high-yield bonds, leveraged loans, private credit, distressed debt, emerging markets, and private equity.
The firm is managing over $55 billion for institutional investors including pension funds, endowments, wealth funds, and foundations. Recently they announced closing off their third CLO Equity Fund after successfully securing commitments of $1.3 billion from a global investor base. The initial target was $1 billion, but they quickly managed to surpass it.
In their latest Q1 2024 investor letter a copy of which was reviewed by Hedge Fund Alpha, Steven A. Tananbaum shared his insights with the clients regarding hot topics from the previous period. He took a glance at the funds' performance last year and went deep about specific holdings including Citrix, QVC, Travelodge, and Newfold Digital. His take on 2024 is fairly optimistic, with slower but steady economic growth.
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