Hedge Fund Manager GoldenTree adds Bitcoin to its balance sheet

Global Asset Management firm GoldenTree is diversifying from its credit-themed strategies by adding Bitcoin to its balance sheet.

According to a report by The Street, citing two anonymous inside sources, the company wants to explore the crypto space and plans to hire cryptocurrency experts are area already in place.

Founder and chief investment officer Steve Tananbaum has reportedly been strengthening the firm’s position in bitcoin holdings for years.

Founded in 2000, GoldenTree has maintained a near-perfect reputation becoming one of the biggest and most successful players in the industry over the last two decades.

The 100% employee-owned company manages nearly $45 billion in assets worldwide with the help of its 60 investment professionals.

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