Saturday, 4th July 2009

 

13 November 2008 - Press Briefing

Top debt-focused hedge funds seek capital to meet margin calls

Blackstone’s GSO Capital Partners and GoldenTree Asset Management, two of the largest hedge funds investing in debt, have sought more capital from investors amid writedowns on their portfolios and margin calls from their lenders, according to a report in the Financial Times.

GSO, which purchased leveraged loans with a face value of $12bn (€9.6bn) in recent months, has since raised $100m from investors. GoldenTree, on its part, formed a “rescue share class” to raise $250m of fresh capital this month, the FT report said.

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