Bob Carroll to Join GSO as Head of Distressed Trading
NEW YORK--(BUSINESS WIRE)--Mar 28, 2019--Blackstone (NYSE: BX) today announced that its global credit platform, GSO Capital Partners (GSO), has hired Bob Carroll as a Managing Director and Head of Distressed Trading. In this role, he will oversee all trading activity relating to GSO’s expansive public distressed efforts.
Mr. Carroll joins from hedge fund Smith Cove Capital, where he had been responsible for all trading activity since 2016. Prior to that, he spent 10 years at Perry Capital as Head of Trading. Previously, Mr. Carroll was a trader at Litespeed Partners and Imperial Capital.
Dwight Scott, President of GSO, said: “We are excited to welcome Bob Carroll and are confident his trading expertise and knowledge of the credit market will add great value to GSO. We look forward to his engagement as we continue to grow our business and focus on distressed debt opportunities.”
Additionally, GSO announced that Adam Maitin has joined the trading desk as a Vice President. Adam joins from BlueMountain Capital where he spent two years trading high yield, distressed and investment grade credit. Prior to that he was an associate at Alliance Bernstein involved in high yield trading.
Doug Logigian, Senior Managing Director, said: “Adam has an outstanding track record as a trader and we are thrilled to have him on board. His experience will be an important addition to our trading team as we continue to pursue new opportunities and manage existing investments.”
Blackstone is one of the world’s leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our asset management businesses, with $472 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.
About Blackstone GSO
GSO Capital Partners LP is the global credit investment platform of Blackstone. With approximately $128 billion of assets under management, GSO is one of the largest alternative managers in the world focused on the leveraged-finance, or non-investment grade related, marketplace. GSO seeks to generate attractive risk-adjusted returns in its business by investing in a broad array of strategies including mezzanine debt, distressed investing, leveraged loans and other special-situation strategies. Its funds are major providers of credit for small and middle-market companies and they also advance rescue financing to help distressed companies.
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PUB: 03/28/2019 09:24 AM/DISC: 03/28/2019 09:23 AM