Partner/Head Trader, GoldenTree Asset Management
Education: B.A Sociology, University of
Mentors: Steven A. Tananbaum, CEO/CIO, GoldenTree Asset
Management; Leon Wagner, Chairman, GoldenTree Asset Management,
David S. Blitzer, Senior Managing Director, The Blackstone
Joshua Press was the first external hire for leading
alternative asset management firm, GoldenTree. Since joining
the firm in 2000, Press has served as the head trader for
GoldenTrees multiple funds, growing the firm from $60
million to over $9 billion in assets under management.
Working closely under CIO/CEO, Steve Tananbaum, Press is
responsible for ensuring best execution of trades and for
everything going in and out of the portfolio, with a
specialised focus on high yield and credit derivatives.
Tananbaum says that Press is an integral member of the
GoldenTree team. He is the consummate professional and
leads by example. He is someone you want in your bunker when
you go to war; he has helped create an excellent culture at the
Like most financial firms, 2007-2008 presented some of the
largest challenges for Press. [The industry] clearly has
a lot of work to do to regain the trust and confidence from
investors that experienced significant losses through this
unprecedented period of time says Press. He notes that
the pain of 2008 is starting to come to fruition, on the
flip side of the coin we are seeing incredibly attractive
investment opportunities with high margins of safety. Nowhere
is this more apparent than in the credit markets. For those
firms that have the analytical capabilities to successfully
sift through the rubble there will undoubtedly be investments
made that will lead to staggering returns for years when the
storm is finally behind us.
Press started his career on the floor of the New York Stock
Exchange with Floor Broker Network, after two years he joined
the MBS desk of Credit Suisse First Boston and then moved to
First Dominion Capital LLC as a vice president, supervising
high yield bond trading for three CDOs totalling $2.5
Press hopes to continue to grow GoldenTrees funds.
When the dust finally does settle, we will have
demonstrated to our investors that despite some of the bumps
along the way, over time we have consistently outperformed the
markets and our peers. If we do that - and I am confident we
will - I am extremely hopeful that GoldenTree will be my
end game says Press.
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