Barry Ritholtz, the general counsel of $41 billion investment firm GoldenTree Asset Management, is retiring after nearly two decades as the firm's top lawyer, sources told Insider.
The billionaire Steve Tananbaum's firm has hired Roman Bejger, the general counsel of investment-software company Allvue Systems, three people familiar with the matter said.
Bejger is set to start work at the end of the month, one of the sources said.
Ritholtz has been the general counsel of GoldenTree since 2003 and is expected to stay on to oversee a smooth transition in the coming months, said the sources, who declined to speak publicly about the matter because it hasn't been announced.
GoldenTree is a global credit asset manager with about 250 employees, and offices in New York, West Palm Beach, London, Singapore, Sydney, Tokyo, and Dublin, its website said.
The firm has grown its presence in the collateralized-loan-obligation space, with a $700 million deal closing this month set to give it more than $8 billion in CLO strategies. Creditflux, an industry publication for the CLO space, found that GoldenTree was one of the top managers last year, returning 21.2% thanks to four deals.
GoldenTree's C-suite has had a fair amount of turnover in recent years. President Bob Matza retired in 2019 and was replaced by Christopher Hayward, a partner. Bill Christian, the firm's chief operating officer for 15 years, left the firm in early 2020, Insider reported at the time. No replacement for Christian has been listed on the firm's website.
Neither Bejger nor Ritholtz could be reached for comment.
On Friday, Bejger's LinkedIn profile showed that he was the general counsel of Allvue Systems. By Monday, his profile had been updated to show that he was a partner and the general counsel of GoldenTree.
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