Sustainability
Hedge Fund Founder Jeff Tannenbaum’s Next Act Will Be Green
The chairman emeritus of Fir Tree Capital Management is investing his own money through a new firm called Titan Grove.
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Jeff Tannenbaum made his fortune through investing; now he’s investing that fortune.
He’s chairman emeritus at New York-based Fir Tree Capital Management LP, the hedge fund he founded in 1994, though he began handing over investment responsibilities in the early 2000s and had ceased day-to-day portfolio management by the middle of the decade. In recent years the firm has struggled with staff departures, soured investments, and a drop in assets of more than half from a peak of $13 billion in 2015.