Goldentree Asset Management LP (New York)

Goldentree Asset Management provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Goldentree Asset Management: assets under management

The assets under management (AUM) of Goldentree Asset Management LP is $26.72 billion. The firm's AUM has grown by 287% since the beginning of its operation, and $21.63 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $26.7 billion in discretionary accounts and $19.77 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $293.41 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $9.88 million.

Goldentree Asset Management has custody of $18.37 billion in cash and securities for 41 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 47% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 29% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Goldentree Asset Management LP for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Robert Matza serves?

The firm provides services to insurance companies, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Robert Matza is pooled investment vehicles with 50 clients and $17.65 billion of assets under management. Among the 10 most similar advisory firms, Goldentree Asset Management has the 5th lowest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $26.72 billion for 93 clients. 52% of the firm’s clients are foreign persons or businesses.

Goldentree Asset Management also advises several private funds. Namely, twenty three hedge funds, five other private funds, and eight securitized asset funds. The minimum investment commitment required of non-related persons ranges from $0 to $1,000,000.

Careers at Goldentree Asset Management LP

The company employs 250 people that are either part- or full-time employees. 16 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There are 11 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Robert Matza has been acting as President since 1 Jan 2006. Deeb Amin Salem joined the executive team most recently as the Head Trader.

Direct owners and executive officers

Based in New York

The principal office where Goldentree Asset Management LP performs its advisory services is located at 300 Park Avenue, New York, NY 10022, which is also the mailing address of the firm. An additional office of the firm is in Austin, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-847-3500 or by fax 212-847-3494. The normal business hours are 9:00a.m. to 5:00p.m. on Monday - Friday. You can find more information about the New York firm at goldentree.com.

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