Friday, 27 November 2015
Last updated 3 hours ago
Feb 27 2008 | 7:49am ET
The Blackstone Group’s deal for hedge fund GSO Capital Partners has been given the green light by regulators.
The Federal Trade Commission signed off on the private equity giant’s proposed $930 million acquisition of GSO, it said yesterday. New York-based GSO manages some $10 billion, including a credit hedge fund.
Under the deal, Blackstone will pay $620 million in cash upfront, with another $310 million over five years, subject to GSO meeting earnings targets.
As part of the deal, Blackstone is also buying out Merrill Lynch’s share of the firm, which took a reported 20% stake in GSO last May.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…