AMERICAS DISTRESS DAILY: Anchorage Raises $1.5 Billion for Fund

Anchorage Capital Advisors has raised $1.5 billion for its latest fund that invests in stressed and distressed credit, special situations and structured credit, according to a person familiar with the matter.

In Other News:

• Aleon Metals LLC, owner of a Texas facility that recycles metals extracted from oil-refinery waste, filed for bankruptcy after the venture was marred by equipment failures and commodity price volatility.
• Bolivia’s dollar bonds rallied Monday to the highest in over two years after the weekend’s election cemented the chances of significant free-market reforms under a new government.

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Note: Price moves for Aug. 18, 2025. ...