Wednesday, 1 October 2014
Last updated 1 hour ago
Jun 9 2008 | 10:49am ET
GSO Capital Partners, the leveraged finance hedge fund bought by the Blackstone Group in January, has hired a JPMorgan Chase executive to lead its new credit business in Asia.
Tim Donahue will join GSO in late August or September, according to Bloomberg News. He will serve as head of Asia credit investments, based in Hong Kong, after nine years with JPMorgan.
New York-based GSO, which manages $10 billion, is starting an Asia-Pacific fixed-income business, focusing on high-yield, mezzanine, distressed, equity-linking and leveraged debt. It will employ both public and private transactions, Bloomberg reports.
Blackstone agreed to pay as much as $910 million for GSO, founded by former Credit Suisse alternative capital chief Bennett Goodman three years ago. Donahue will report directly to Goodman, who now serves on Blackstone’s executive committee.
The Hong Kong office of GSO is the firm’s fifth—after New York, London, Los Angeles and Houston—and its first in Asia.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...