Saba's lawsuit highlights failings of high yield liquidity
Saba recently settled a lawsuit with a client, which highlights how liquidity can evaporate in the high yield market

Former Perry chief launches distressed fund in Greenwich
Former CIO begins trading with distressed debt and equity strategy 

BTIG makes yet more hires to its credit business in New York
Hot on the heels of Imperial Capital, BTIG announces senior credit trading and sales hires 

Carlyle raises monster $2.5 billion distressed fund for debt and equity
New distressed debt fund hits cap, three times the size of last fund raising 

Roxbury earns acceleration capital from Swiss private bank
Banque Bonhôte announces investment capital into London-based credit Ucits fund 

Bain takes on Italian non-performing credit platform
Bain Capital Credit acquires Heta Asset Resolution Italia for €570 million NPL portfolio

Bain plans Asian credit fund, says Reuters
Bain targeting $1 billion for Asian distressed and direct lending fund claims Reuters 

Patient CDS holders could be rewarded as Norske Skog spreads blow out
Not all CDS buyers took part in Norske Skog's default last year, and the strategy appears to have paid off  

BTIG looks to build out distressed debt with former Jefferies hire
Former Jefferies distressed debt head joins rival brokerage in New York 

Brigade sends out strong signal with 23% returns in 2016 after iHeart trade
Bloomberg reports strong returns at Brigade following iHeart media trade as Isda confirms controversial auction date 

Bain takes on another distressed Spanish loan portfolio
Bain in Spain targets mainly loans feeling pain - Bain Capital Credit has acquired yet another distressed Spanish loan portfolio

Former Goldman Sachs trader’s credit hedge fund to shut down
New York-based Wingspan Investment Management is set to return capital to investors, according to media reports.

Davidson Kempner to buy Italian loan securitisation after Atlante backs out
US hedge fund manager to buy Italian non-performing loan securitisation without state fund’s help 

Lehman Brothers debt drives credit hedge fund's gains
New York-based credit hedge fund manager King Street Capital is reported to have benefited from its holding in Lehman Brothers debt recently

Paulson’s Europe team to plough on in credit despite departures
US hedge fund manager Paulson has slashed its European headcount, but sources say that the streamlined team remains dedicated to credit management