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GoldenTree Asset Management founder Steven Tananbaum speaks at the 2019 Milken conference.
- Steve Tananbaum's GoldenTree Asset Management recently lost its COO, Bill Christian, sources tell Business Insider.
- Christian, according to his LinkedIn profile, was a partner as well as the chief operating officer, and had been at the $30 billion hedge fund since 2005.
- The manager's president, Bob Matza, retired in the summer of 2019. Matza was replaced by Christopher Hayward, which the firm announced in a press release last year.
- The company declined to say who would replace Christian in the COO role.
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The chief operating officer of billionaire Steve Tananbaum's $30 billion hedge fund GoldenTree Asset Management is out, sources tell Business Insider.
Bill Christian left the firm this year, sources said, after joining the firm in 2005. He was a partner as well as COO, according to his LinkedIn profile. Prior to working at GoldenTree, Christian was at MacKay Shields.
The firm declined to comment about his departure, and it was unclear from the hedge fund's website who replaced Christian in the COO role. Christian did not respond to a request for comment.
GoldenTree had another leadership shakeup last summer, though that one was disclosed in a statement from the firm, which also named who would fill the role.
Tananbaum's longtime president, Bob Matza, retired from his role, the firm announced in a press release, but would be sticking around in an advisory role and even keep an office at the asset manager.
In that May 7 release, Matza's successor, Christopher Hayward, was announced, and he has since been added to the firm's leadership page on its website.