Deutsche Bank AG’s US distressed products group more than doubled its net profits in the first quarter, partly driven by shorting a basket of software companies debts, according to people familiar with the matter.

The giant multistrategy hedge fund Citadel parted ways with credit portfolio manager Zachariah Barratt after a series of losses, including a soured bet on Spirit Aviation Holdings Inc., according to a person familiar with the matter.

Dozens of hedge-fund and oil-company executives are gathering this week in Caracas, where Venezuela’s acting president, Delcy Rodriguez, signaled an interest in re-opening the nation’s economy to foreign businesses, according to people familiar with the matter.

Dozens of hedge-fund and oil-company executives are gathering this week in Caracas, where Venezuela’s acting president, Delcy Rodriguez, signaled an interest in re-opening the nation’s economy to foreign businesses, according to people familiar with the matter.

AMC Entertainment Holdings Inc. turned to an existing creditor to refinance debt after turbulence in public markets derailed a planned bond and loan sale — though the deal includes incentives to bring it back to investors before long.

A group of investors holding a majority of Kennedy-Wilson Inc. bonds plan to skip the company’s debt exchange offer and instead seek a cash payment, according to people familiar with the matter.

Mexico’s Braskem Idesa SAPI is in talks with creditors for finance that would fund the company through a potential Chapter 11 bankruptcy proceeding in the US, according to people familiar with the matter.

At least five high-yield credit analysts and traders have left Royal Bank of Canada in recent weeks, with some joining rival firms after the bank notched losses linked to the collapse of First Brands Group, according to people familiar with the matter.

Optimum Communications Inc. said a top law firm’s withdrawal from representing it under pressure from Apollo Global Management, Ares Management, Oaktree Capital Management and others showed that they were participating in a cartel against it.

For the better part of 15 years at law firm Kirkland & Ellis, David Nemecek made a career out of exploiting loose lending agreements to perfect what would become a well-worn dance in the world of distressed corporate debt: Craft a debt overhaul too good for one set of a company’s creditors to pass up while leaving other creditors with scraps and buying precious time for the company’s private equity owners to avoid losses.

A group of international investors holding Venezuelan bonds chose Houlihan Lokey as its financial adviser, according to people familiar with the matter, a key step as they gear up for a massive debt restructuring.

Cantor Fitzgerald LP is shedding much of O’Connor’s presence outside of the US following its acquisition of the hedge fund from UBS Group AG, according to people familiar with the matter.

As restructuring advisory firms in Manhattan tallied their fees from untangling the First Brands wreckage, some of its creditors decided they’d seen enough. Wary of sinking more cash into the bankrupt firm, they sought reams of new information and flew to its Cleveland offices to see for themselves what was worth salvaging.

Bankrupt auto-parts maker First Brands Group has sued Edward James — its former executive and the brother of company founder Patrick James — and its largest creditor Onset Financial for conspiring “to defraud creditors out of billions of dollars and property.”

Redwood Capital Management LLC and Silver Point Capital LP will each appoint a director to Klöckner Pentaplast’s board once the packaging firm formerly owned by Strategic Value Partners LLC emerges from bankruptcy.

Major investors in First Brands Group have offloaded stakes in the bankrupt auto supplier’s debt in recent days, causing the value of its most senior loan to collapse and prompting it to pull forward a lender call to calm nerves.

Altice International is pushing back against creditor demands for more information about its recent transactions in the first written exchange since the telecom operator moved its Portugal and Dominican Republic businesses beyond lenders’ reach.

Canacol Energy Ltd. is looking to negotiate a short-term loan from its creditors as it works to restructure its debt before its cash reserves run dry, people familiar with the matter said.

Amara NZero is working with financial adviser Houlihan Lokey Inc., as the Spanish distributor of renewable energy products grapples with pressure on its cash flows, according to people familiar with the matter.

The largest creditors to Altice France met at Château Lafite Rothschild near Bordeaux on Monday to toast a debt restructuring deal that was one-and-a-half years in the making. Bondholders and lenders in other corners of Patrick Drahi’s telecommunications empire had far less reason to celebrate.