Wednesday, 17 December 2014
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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.