Popular shortlists Apollo, Oaktree, BAML and Bain for rapid NPL sale
Spain’s Banco Popular is in talks with Apollo, Oaktree, Bank of America Merrill Lynch and Bain Capital about selling a portfolio of non-performing loans, according to Spanish newspaper Expansión

BNP Paribas moves quickly to restaff London high yield trading business
BNP Paribas has moved quickly to restaff its European high yield trading desk, making two new senior hires for the business last week

Highland shelves plans for format switch as interval funds gather pace
Instead of converting a mutual fund into an interval fund, Highland is looking to launch an interval fund - viewed as a investor-friendly alternative to BDCs - from scratch 

Pre-insolvency restructuring: Judgment day beckons for UK schemes
Competition is heating up as brexit threatens the UK's dominance of pre-insolvency restructurings

Black Diamond credit hedge fund joins Creditflux listings
Black Diamond Credit Strategies Master Fund is the latest addition to Creditflux’s growing hedge fund listings

New York judge quashes hedge fund's lawsuit against Muirfield
A hedge fund manager has had its lawsuit against one of its investors, Muirfield Capital Management, dismissed by a supreme court judge in New York

Bain makes double hire to its London office
Bain Capital Credit has raided two hedge fund managers for loans and distressed debt talent

Senior distressed specialist leaves GSO after fund closure
Shortly after shutting down its distressed debt fund, GSO Capital Partners is understood to have parted company with a senior managing director and key figure in its distressed business

Points up front: The Creditflux-Oscar awards double
Mike Damaso adds an Oscar to his collection of Creditflux manager awards trophies

US fashion stores: queueing up to exchange old debt
Fashionably loose covenants are allowing under-pressure retailers to turn expensive unsecured debt into senior notes

Senior distressed traders rumoured to have left HSBC in New York 
Special situations co-heads are said to have left HSBC's New York offices 

BNP Paribas combines high yield and distressed trading in Europe 
French bank loses two high yield specialists as it combines desks in London 

Oaktree brings in distressed debt specialist from US lender
Distressed debt specialist leaves bank for buy-side role in London

Värde closes latest fund at $1.7 billion
Credit manager Värde Partners has raised $1.74 billion for its latest fund, Värde Fund XII

Distressed debt firm Strategic Value Partners hires loan originator
Distressed loan specialist manager brings in loans sales head from Spanish bank in London

Black days ahead for CLOs as Seadrill warns of potential default
More than 80 CLOs look set to take a hit in the near future after oil driller Seadrill Partners warned about a possible default on its debt