Blackstone Beefs Up Distressed Debt Group

Feb 10 2006 | 10:18pm ET

The Blackstone Group has hired Joseph Russick to serve as a principal in the firm's distressed debt hedge fund group. Russick's appointment is an addition to the team, which was established in July.

Russick was previously a vice president at Bennett Restructuring Funds, a billion dollar hedge fund, where he specialized in public and private investments focused on the distressed debt of companies in or near bankruptcy.

Blackstone's distressed debt hedge fund, which initially had a target of $500 million, was oversubscribed and is now closed to new investors.


In Depth

MiFID2 For U.S. Firms: Key Questions Answered

Feb 27 2017 | 4:54pm ET

The January 2018 deadline for implementation of the EU’s mammoth MiFID2 regulations...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...

 

From the current issue of