Blackstone's GSO Posts Loss in Distressed Debt

The video discusses significant losses in distressed debt investments, particularly by GSO, a part of Blackstone, due to a 40% plunge in oil prices. It highlights the broader impact on hedge funds investing in distressed debt, which experienced their worst month since 2011. The discussion emphasizes the correlation between distressed debt and the broader US high yield bond market, which also faced substantial losses.

What was the percentage loss posted by GSO in its distressed debt strategies for the quarter?

What significant event occurred in the oil market during the quarter mentioned in the text?

How did the performance of hedge funds that invest in distressed debt in December compare to previous years?

What correlation is highlighted between distressed debt and the broader US high yield bond market?

What was the overall impact on hedge funds that had been big winners at the end of the last year?