Manuel Garcia, a managing director at Goldman Sachs, has left the bank to join former colleagues at a distressed debt focused hedge fund. Garcia, who officially left the US bank last week, signed up as a partner to Gladwyne Investments earlier this month. Bloomberg suggests that Adam Savarese, a former Morgan Stanley trader whom Goldman Sachs hired directly into a partner role in 2015, had something to do with Goldman's Q1 slump. As head of Goldman's distressed debt trading business, it claims Savarese was on the wrong side of several trades involving energy companies and retail companies.

During their reign, the firm introduced paperless trading to the New York Stock Exchange and lead-managed the first-ever global debt offering by a U.S.  3 Feb 2019 Adam Savarese, who helped lead distressed-debt trading at Goldman Sachs Group Inc., is leaving the firm amid an ongoing churn among the  5 Feb 2019 Goldman Sachs has begun making cuts to its fixed income business. Goldman's global head of distressed debt trading is also leaving. 24 Apr 2017 Given that Morgan Stanley did so much better than Goldman Sachs in the As head of Goldman's distressed debt trading business, it claims  Merchant Banking is the primary center for Goldman Sachs' long term principal investing activity, and Goldman Sachs has operated this business as an integral   Leonie Morel. Head of Fundamental Strategies Group at Goldman Sachs HY Trading - Desk Analyst Distressed Debt Investing / Trading at Goldman Sachs.

5 Feb 2019 Goldman Sachs has begun making cuts to its fixed income business. Goldman's global head of distressed debt trading is also leaving.

6 Mar 2015 A top Goldman Sachs banker is suing the firm and three of her significant losses incurred by the distressed-debt trading business in 2011”. in credit, distressed debt, and special situations across Europe and Asia- Pacific. Distressed Trading and Investing in Goldman Sachs' Global Credit Trading  Adam Savarese, who helped lead distressed-debt trading at Goldman Sachs Group Inc., is leaving the firm amid an ongoing churn among the investment bank’s top ranks. Savarese, officially the co-head of leveraged-finance trading, is expected to depart in coming weeks, according to people with knowledge of the matter. A Goldman Sachs junk-bond trader earned more than $100 million in profits buying and selling distressed corporate debt earlier this year, but according to a Wall Street Journal report on Wednesday

5 Sep 2019 Distressed debt is in itself a very unique asset class that falls under the jurisdiction of the capital markets, the more room there is for distressed debt to trade. such as Oaktree or Apollo or Goldman Sachs Special Situations.

21 Oct 2019 Goldman Sachs is planning an aggressive push into sales and trading, as new initiatives aimed at lessening the bank's reliance on its core  5 Sep 2019 Distressed debt is in itself a very unique asset class that falls under the jurisdiction of the capital markets, the more room there is for distressed debt to trade. such as Oaktree or Apollo or Goldman Sachs Special Situations. 30 Jul 2011 He ascended the ranks of Goldman Sachs's trading division, which Sachs's Special Situations Group, which buys distressed debt and other  28 Sep 2015 Goldman Sachs' trading operations makes it a riskier bet than rivals, and as $60 million on a series of bad bets in the distressed debt market.

Adam Savarese, who helped lead distressed-debt trading at Goldman Sachs Group Inc., is leaving the firm amid an ongoing churn among the investment bank’s top ranks. Savarese, officially the co-head of leveraged-finance trading, is expected to depart in coming weeks, according to people with knowledge of the matter.

SSG is separate from distressed debt investing, though of course it invests in distressed as well. distressed debt bank loan is part of distressed debt, but focuses more on illiquid assets.

Goldman Sachs has lost $50 million to $60 million on its distressed-trading desk in 2015, according to people familiar with the performance. The unit suffered losses on its position in Verso Corp., a paper producer whose bonds lost two-thirds of their value this year,

in credit, distressed debt, and special situations across Europe and Asia- Pacific. Distressed Trading and Investing in Goldman Sachs' Global Credit Trading  Adam Savarese, who helped lead distressed-debt trading at Goldman Sachs Group Inc., is leaving the firm amid an ongoing churn among the investment bank’s top ranks. Savarese, officially the co-head of leveraged-finance trading, is expected to depart in coming weeks, according to people with knowledge of the matter. A Goldman Sachs junk-bond trader earned more than $100 million in profits buying and selling distressed corporate debt earlier this year, but according to a Wall Street Journal report on Wednesday

28 Sep 2015 Goldman Sachs' trading operations makes it a riskier bet than rivals, and as $60 million on a series of bad bets in the distressed debt market. 7 Jun 2018 Goldman Sachs traders lost $180 million last year on bad bets in natural more risk in areas including distressed debt and equities, they said. 21 Jun 2018 Pope has worked in the world of distressed debt, where banks and Pope was a managing director in the same field at Goldman Sachs. 2 Dec 2008 Private equity firms rush to distressed debt assets Goldman Sachs, Blackstone and Carlyle have all recently raised funds to take With trading at most businesses struggling in the economic climate, and many assets  6 Mar 2015 A top Goldman Sachs banker is suing the firm and three of her significant losses incurred by the distressed-debt trading business in 2011”. in credit, distressed debt, and special situations across Europe and Asia- Pacific. Distressed Trading and Investing in Goldman Sachs' Global Credit Trading  Adam Savarese, who helped lead distressed-debt trading at Goldman Sachs Group Inc., is leaving the firm amid an ongoing churn among the investment bank’s top ranks. Savarese, officially the co-head of leveraged-finance trading, is expected to depart in coming weeks, according to people with knowledge of the matter.