Florham Park, N.J.-based GSC Group has launched a multi-strategy credit hedge fund, according to a Goldman Sachs cap intro document. The GSC Credit Strategies Fund is managed by Robert Paine, who joined the firm earlier this year from Stanfield Capital Partners. Calls to the firm were not returned by press time.
Paine is a longtime veteran of distressed investing, having previously spent roughly 15 years (1987-2002) managing Putnam Investments' distressed and traditional high yield assets. He spent four years at Stanfield managing Stanfield Recovery Strategies, a hedge fund focused on corporate credit-based stressed, distressed and arbitrage investment strategies. Last month, GSC changed its name from GSC Partners and consolidated its various businesses into three sectors: corporate credit, distressed investing and real estate.
