Wednesday, 1 April 2015
Last updated 5 hours ago
Jan 13 2009 | 4:02am ET
Blackstone Group credit hedge fund arm GSO Capital Partners is set to become the latest hedge fund to quit Asia. GSO plans to close its Hong Kong trading desk, Bloomberg New reports.
GSO will transfer Asia-Pacific head Tim Donahue, managing director Sanjeev Khemlani, associate Angad Banga and vice president Abhimanyu Prakash to either New York or London, where they will continue to cover the region. Some of the investment team may stay in Asia, according to Bloomberg.
Blackstone bought GSO, which was founded by Credit Suisse veteran Bennett Goodman, last year for almost $1 billion. The $10 billion shop opened the Hong Kong office in September, but it hasn’t made any trades because the firm believe Asian bonds and loans are priced too high.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…