GSO Plans Asia Business, Hires JPMorgan Exec.

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.

RELATED STORIES

Blackstone Buys Credit Hedge Fund, Plans Share Buyback


In Depth

U.S. Treasury Moves on Reinsurance Loophole

Apr 24 2015 | 5:11pm ET

The U.S. Treasury Department has released proposed rules aimed at limiting the ability...

Lifestyle

Puerto Rico Woos The Rich But So Far Gains Little

Apr 17 2015 | 2:45am ET

Hedge fund manager Rob Rill grins. He has just had word that U.S. financial regulators...

Guest Contributor

Opportunities Ahead: Asian Fixed Income and Currency Markets

Apr 24 2015 | 6:18am ET

For hedge funds focusing on Asia, the policy uncertainty, unclear interest rate...

 

Editor's Note