People and Firms

Highland Makes Personnel Changes

Highland Capital Management has made changes to the portfolio management teams of the Highland Credit Strategies Fund and Highland Distressed Opportunities, Inc...

GMAC Not Talking On Debt Deal

GMAC has not disclosed whether creditors backed a $38 billion debt restructuring, though the outcome isn't expected to stop efforts by the auto and real-estate lender to become a bank holding company...

PIMCO Cuts Rules To Hold More High Yield

The PIMCO High Income Fund revised its investment policies, giving it the flexibility to increase its use of derivatives and its exposure to high yield...