GSO To Close Hong Kong Trading Desk

Jan 13 2009 | 5:02am 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.


In Depth

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Cash: An Asset In Adolescence

Aug 31 2017 | 3:34pm ET

If the investment industry has a rebellious teenager in the house today, that teenager...

 

From the current issue of