Hedge Funds

GSC Group adds multistrategy credit product

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GSC Group has added a multistrategy credit hedge fund to its growing alternative investment lineup. The firm manages more than $18 billion of assets, roughly half of which are in structured finance strategies.

GSC Credit Strategies Fund launched with Robert Paine, senior managing director, at the helm. Paine joined GSC from New York's $1.7 billion Stanfield Capital Partners, where he managed Stanfield Recovery Strategies from 2002 through 2005.

Prior to Stanfield, Paine logged 15 years at Putnam Investments, where he managed more than $1 billion of distressed debt and served as a portfolio manager in a high-yield unit