Robert Zable is to become the lead portfolio manager of the Blackstone/GSO Senior Floating Rate Term Fund (NYSE: BSL), the Blackstone/GSO Long-Short Credit Income Fund (NYSE: BGX) and the Blackstone/GSO Strategic Credit Fund (NYSE: BGBeach Fund).
Zable will takeover following the retirement of the funds’ current lead portfolio manager, Lee Shaiman, on or before 30 September, 2015.
Zable is a Managing Director with GSO Capital Partners LP (GSO), the parent company of GSO/Blackstone Debt Funds Management LLC (GSO DFM), the Funds’ investment adviser, and serves as the Chairman of GSO DFM’s investment committee. Zable is also the senior portfolio manager for GSO DFM’s U.S. CLOs and high yield separately managed accounts.
Before joining GSO in 2007, Zable was a Vice President at FriedbergMilstein, where he was responsible for credit opportunity investments and junior capital origination and execution. Prior to that, Zable was a Principal with Abacus Advisors Group, a restructuring and distressed investment firm. Zable began his career at JP Morgan Securities Inc., where he focused on leveraged finance in New York and London.
Zable received a BS from Cornell University, and an MBA in Finance from The Wharton School at the University of Pennsylvania.
The funds’ current lead portfolio manager, Lee Shaiman, will retire following the transition of his duties to Mr. Zable, on or before September 30, 2015. Gordon McKemie, who has served as portfolio manager since the second quarter of 2015, will remain a portfolio manager of the funds.
“On behalf of GSO, I would like to thank Lee for his many contributions to the growth and success of the business,” says Dan Smith (pictured), Senior Managing Director of GSO.
