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Distressed Debt news from FierceFinance

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Hedge funds in layoff mode

It's hardly surprising that hedge funds are in layoff mode. Headhunters say it's unclear how deeply hedge funds will cut, and many of the layoffs have been enacted stealthily. IDD reports that many... Read more...

Hedge funds on a hiring binge?

We've noted before that lots of laid-off bankers, traders and analysts will have trouble finding a job. Some will have to transition into a new line of work. The lucky ones will find work in the... Read more...

Oaktree raises massive distressed debt fund

We've noted that valuations have improved for some on-the-brink debts as of late, notably leveraged loans and some credit default swaps. The trading psychology seems to be improving in part because... Read more...

Lehman Brothers raises $3 billion

So who invested in Lehman Brothers? That's the big question. All we know is that Lehman intends to raise $3 billion from American institutions, not sovereign wealth... Read more...

How much private equity blood will spill?

Blackstone Group's 90 percent plunge in first quarter profits sent another shudder down the spine of the private equity industry. The Carlyle Group's credit fund woes certainly aren't helping things,... Read more...

Lehman to lay off another 5 percent

We've been telling people to expect a whole lot more layoffs.... Read more...