GoldenTree culture?
Hi guys:
Can someone shed some light on the culture, upward mobility, asset base stability at GoldenTree please? Thank you!
May 10, 2020
Total Avg Compensation
April 2024 Hedge Fund
-
Portfolio Manager (9) $1,648
-
Vice President (23) $474
-
Director/MD (12) $423
-
NA (6) $322
-
3rd+ Year Associate (24) $287
-
Manager (4) $282
-
Engineer/Quant (71) $274
-
2nd Year Associate (30) $251
-
1st Year Associate (73) $190
-
Analysts (225) $179
-
Intern/Summer Associate (22) $131
-
Junior Trader (5) $102
-
Intern/Summer Analyst (249) $85
Career Resources
Leaderboard
| 1 |  |
99.2 |
| 2 | |
99.0 |
| 3 | |
99.0 |
| 4 |  |
99.0 |
| 5 | |
98.9 |
| 6 | |
98.9 |
| 7 | |
98.9 |
| 8 |  |
98.9 |
| 9 | |
98.8 |
| 10 | |
98.8 |
Associate 1 in PE - LBOs, way too quiet in here. What about these resources:
More suggestions...
Hope that helps.
Worst place to work ever. They have favorites and are protected. They treat you like children. Abigail Glerum is probably the worst person at the company, she is so fake and backstabbing and talks about everyone at the company behind their back and is the most two-faced person you'll ever meet in your life. She hoards all the work and hence looks like a star but it's really because she is insecure and wants to presume that position and is afraid of anyone being better than her and the fakest person you'll ever meet in your life. Hence, why there is so much turnover in the business development group at GoldenTree and there was a mass exodus during COVID. They are certain favorites and those get paid and the unfair toxic treatment continues and hence why talent continues to exit the door.
Ok but can you comment on the investment team
Who the fuck cares about the BD team?
Not me until I read that comment. Now I'm invested. Need more tea spillage in this thread-- boston tea party style.
she looks like a half bred troll
Steve Tananbaum is not an easy character to work with, but then again you can say that about a lot of hedge fund managers. They have (or at least they did have) a system where they track analyst recommendations in a lot of detail. The plus side of this is that you will get rewarded if you deliver performance. The downside is you will get pushed out quickly if you lose money. I know a fellow desk analyst who joined the London office and was pushed out quite quickly after a few ideas lost money. The place has been around a long time though so they must be doing something right.
All the people in the firm have a bio in the internal site portal and majority do not come from IB background, don't think they attract high caliber investment people like the Apollo, Carlyle of the world. Dead quiet as a library at the firm where you can hear a pin drop. They're trying to elevate and splash around some money and make some big name hires. They take control of companies and aggressively get on boards of these companies and become vultures, of course you would see returns if you take control of decision making and have skin in the game. People say don't talk to Tannenbaum, avoid him. Why would you want to work for a guy's firm that you are told to not talk to?
This kind of sounds like a wet dream for the right type of person.
"Library like" / "majority do not come from IB" / "they take control of companies and aggressively get on boards of these companies" / "have skin in the game"
Fwiw they are one of the old guard credit shops that has materially scaled its AuM since 2010 and returns are pretty good.
Goldentree is the type of firm that’s always looking to hire because turnover is so high.
The work environment is toxic. Tananbaum is a workaholic & very challenging person to deal with. He has his deputies who know how to deal with him & have been there forever….the rest of the staff is cannon fodder & churns/burns quickly.
If you’re a new investment professional there, you may get saddled with a few failed investments, expected to work them out & then you get blown out when you don’t. It’s almost as if new hires are setup to fail & cover the entrenched staff’s mistakes.
I have yet to meet a new hire who’s done well there, but I’ve meet plenty of ex-GT employees with very short tenures.
Vel ex quasi nihil dolor nihil exercitationem. Accusamus itaque sint quibusdam et et quasi dolores. Laborum blanditiis voluptatem sed reprehenderit aut iure ea. Velit consequuntur deserunt quis repellat ut.
Rerum perferendis vel sed modi. Autem modi odit nisi neque quasi. Recusandae nam magni sit facilis incidunt vitae quis. Aut veniam dicta eum repellat quia ipsum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...