Friday, 19 September 2014
Last updated 2 hours ago
Apr 3 2009 | 1:02am ET
Hedge fund GSO Capital Partners is planning a huge new fund that would offer financing to companies on the brink of bankruptcy.
The Blackstone Group unit may raise as much as $3 billion for the rescue fund, the New York Post reports. While many hedge funds are finding fundraising difficult in the current economic climate, the tabloid says that Blackstone chief Stephen Schwarzman has recruited some investors for the new vehicle.
The GSO fund is expected to offer debtor-in-possession financing to companies at a time when many are finding it difficult to raise needed capital. It will also help companies in bankruptcy unwind parts of their business.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.