GoldenTree Asset Management is investing in Bitcoin

  • GoldenTree, a New York-based asset management business, is said to have added Bitcoin to its balance sheet, however, the size of the alleged investment is unclear
  • Borderless Capital, which previously helped create an accelerator program from Algorand, received financing from the firm’s executives
  • GoldenTree is an employee-owned global asset management business that specializes in high yield bonds, leveraged loans, distressed debt, structured products, emerging markets, private equity, and credit-themed stocks across the credit universe

GoldenTree, a New York-based asset management business, is said to have added Bitcoin to its balance sheet, however, the size of the alleged investment is unclear. According to a story published Friday by financial news site The Street, the business, which manages about $45 billion in assets, has acquired some Bitcoin (BTC) but has reportedly avoided other cryptocurrency investments. The magazine said that the BTC purchase followed conversations between executives about employing workers versed with crypto investing, citing two individuals with knowledge of the subject.

Borderless Capital, which previously helped create an accelerator program from Algorand, received financing from the firm’s executives, including founder Steven Tananbaum and partners Deeb Salem and Joseph Naggar. Borderless also took part in a fundraising round for Securitize, a digital asset securities business sponsored by Coinbase. Other asset management businesses have begun to enter the crypto sector as well, either through direct investments or by providing Bitcoin and other tokens as investment vehicles. Stone Ridge Asset Management filed a prospectus with the United States Securities and Exchange Commission last week to include BTC in an open-end mutual fund. Horizon Kinetics, a contrarian investing firm, urged investors to seek exposure to crypto assets to safeguard themselves against currency depreciation on Wednesday.

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GoldenTree is an employee-owned global asset management business that specializes in high yield bonds, leveraged loans, distressed debt, structured products, emerging markets, private equity, and credit-themed stocks across the credit universe. GoldenTree was formed in 2000 and is one of the largest credit-focused independent asset managers. GoldenTree manages over $45 billion1 on behalf of institutional investors such as public and corporate pension plans, endowments, foundations, insurance companies, and sovereign wealth funds.

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Steve Anderrsonhttp://www.thecoinrepublic.com
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.

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