Hedge Funds

GSC appoints new managing directors


The $8 billion New York-based trading shop GSC Partners announced the appointment of two new managing directors, Drew Doscher and Jeffrey Horan. The two will oversee a new GSC hedge fund that will focus on investments in the distressed and leveraged loan markets, tapping equities and debt instruments.

Both Doscher and Horan had been with UBS, where they served for four years as the co-heads of global distressed securities trading. Prior to that, the same men worked as team members at Lehman Brothers.