The fund specializes in distressed investments, such as making loans to companies that have low credit ratings.
“This investment in GSO is a continuation of our strategy to invest in best-in-class alternative investment managers worldwide,” said Rohit D’Souza, head of Merrill’s trading division.
Merrill now joins other investment banking firms, including
“The value of these hedge funds has been growing very fast, and it’s a good idea to make an equity investment in the early stages,” John Godden, head of
The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.