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Based on previous WSO threads, a top hedge fund in distressed credit is GSO (part of Blackstone). They are known for their significant involvement in the single-issuer CDS market and their ability to buy large stakes in distressed situations to control the process and outcome.

Sources: Distressed HFs compared to Distressed Credit within PE Firms, Credit/Special-situation HF performance this year?, Q&A: Distressed credit HF, Q&A: Distressed credit HF

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