Andrew Hedlund
The Newport Beach, California, bond behemoth’s current chief executive will remain with the investment firm.
The Bakersfield, California, pension fund will reduce its investment in equities and commodities.
Michael Donatucci had just started as the CIO for the pension fund before committing suicide on Friday.
.jpg?id=19327356917 "Lone Star, Neuberger buy NPLs from Fannie Mae")
The two investment funds purchased more than $1.5bn in unpaid balances in deals that are projected to close on 24 August.
The New York direct lending firm passed the $1 billion origination mark in January.
GSO Capital’s CLO will consist mainly of AAA-rated loans.
Joseph Braun joins the Australian infrastructure debt manager as an associate director of North American debt investments.
Glenn Weiner will serve in a newly created role of head of consultant relations.
The loans to C&J will help the company restructure.
The New York-based credit firm is $20 million away from its target.