Wednesday, 24 December 2014
Last updated 14 hours 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.
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.