Reuters – GSO Capital Partners LP, Blackstone Group’s $25 billion credit hedge fund, is closing its Asia investment desk after failing to find attractive investments in the region, sources familiar with the matter said on Tuesday.

The four-member team, led by Asia-Pacific head Timothy Donahue, will be relocated to either London or New York, the sources said, adding that GSO’s Asia fund raising team would remain in place.

The sources, who did not want to be identified because the information was not public, said GSO was shutting its Asia desk because there were better debt and credit investment opportunities in the United States and Europe.

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