GSO Hires Brevan Howard ABS Chief

Feb 8 2008 | 11:06am ET

Hedge fund GSO Capital Partners has nabbed a team of asset-backed traders from Brevan Howard Asset Management.

Najib Canaan—formerly head of asset-backed securities at London-based Brevan Howard—joined New York-based GSO this week. He and his team will focus on mortgages and bonds burned by the credit crunch.

Canaan is no stranger to his new bosses: He worked alongside them at Donaldson Lufkin & Jenrette. Prior to joining Brevan Howard last year, Canaan also worked at Nomura Holdings, where he was head of U.S. fixed-income trading.

GSO manages some $10 billion. Private equity giant The Blackstone Group agreed to buy the firm last month for almost $1 billion.

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