Hedge Funds
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Blackstone’s GSO Capital Partners has doubled down on a troubled paper company for reasons that may have little to do with the company’s long-term prospects -- which seem bleak -- and a lot to do with the $13 trillion market for credit-default swaps. GSO raised its stake in Norske Skogindustrier ASA this month in hopes of keeping the company afloat long enough to cash in on credit insurance, according to people...