Laura Benitez

Short interest on some Thames bonds has surged in past week Traders are betting Thames Water is heading for restructuring

(Bloomberg) -- Credit traders at Barclays Plc and HSBC Holdings Plc are among those making a market for clients to bet against the debt of Thames Water amid an escalating crisis at the UK’s largest water utility. Most Read from BloombergApple Plans to Overhaul Entire Mac Line With AI-Focused M4 ChipsRussian Attacks on Ukraine Stoke Fears Army Near Breaking PointUS Sees Imminent Missile Strike on Israel by Iran, ProxiesVietnam Tycoon Lan Sentenced to Death Over $12 Billion FraudIsrael Bracing for

Hedge funds including Millennium Management and Arrowstreet Capital are shorting the assets of UK water companies after a crisis at Thames Water spotlighted high debt levels across the industry.

Dealmakers are being told to put more of their own assets on the line as they struggle to wring cash from their increasingly wary backers.

Dealmakers are being told to put more of their own assets on the line as they struggle to wring cash from their increasingly wary backers.

Deutsche Bank AG’s investment arm DWS Group posted inflows that pushed assets under management to a record high, as investors increased their allocations in passive products.

Deutsche Bank AG 's investment arm DWS Group posted inflows that pushed assets under management to a record high, as investors increased their allocations in passive products.

Former Credit Suisse trader Hamza Lemssouguer 's hedge fund suffered its second-biggest monthly loss in March as some of his credit bets soured.

Former Credit Suisse trader Hamza Lemssouguer’s hedge fund suffered its second-biggest monthly loss in March as some of his credit bets soured.

(Bloomberg) -- The shares of DWS Group, the investment arm of Deutsche Bank AG, slumped the most in a week after its first-quarter pretax profit fell short of estimates even as inflows pushed assets under management to a record.