WHISPERS: September 15, 2008

Falling victim to current difficult market conditions, GSC Group's U.S. CLO team let go of some of its staff last week, sources said. This is part of a broader restructuring of the firm's corporate credit division. GSC's European CLO group was unaffected by these changes. The firm's U.S. corporate credit group is currently headed by Thomas Inglesby, a senior managing director at GSC.

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