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INTELLIGENCE
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SECTOR ANALYSIS
HEDGE FUNDS
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PRINT THIS PAGE GSC Partners appoints two new managing directors to lead hedge fund move28/07/2005. Source: AltAssets. 
 GSC Partners, the transatlantic mezzanine and debt specialist, has appointed Drew Doscher and Jeffrey Horan as managing directors to lead the firm's newly created hedge fund.
The new fund will focus on corporate debt and equity investments in leveraged and distressed markets. It will involve long and short as well as capital structure arbitrage strategies, and will leverage existing control distressed debt efforts, according to GSC Partners.
Doscher and Horan join the firm from UBS where they were the co-heads of Global Distressed Securities Trading. The pair had worked together before they came to UBS; they contributed to the distressed trading desk at Lehman Brothers receiving a top ranking.
Alfred C Eckert III, chairman and chief executive of GSC Partners, said, 'We believe that this new initiative represents an exciting new growth opportunity for GSC Partners and is an excellent complement to our other alternative asset businesses.
'We are extremely pleased to have Drew and Jeff join us to lead this new initiative. We are also considering other investment opportunities as we pursue our goal to be a leading institutional investment manager of alternative assets with a full spectrum of complementary investment product offerings,' he continued.
Robert A Hamwee, managing director of GSC Partners, oversees the firm's control distressed debt funds. He added, 'The new initiative will allow us to utilize various trading strategies that will leverage off of our control distressed effort. We also look forward to benefiting from the distressed debt investing and trading experience that Drew and Jeff bring to GSC Partners.'
GSC Partners has $8bn of assets under management and specialises in control distressed debt investing, corporate credit, European mezzanine lending and structured finance.
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