* Dresdner Bank announced that it had completed another mammoth portfolio sale, this time pushing out nearly E1.9 billion of loans. The portfolio sale included both performing assets and distressed loans.
* Tennenbaum Capital Partners, the Los Angeles-based investment manager with approximately $1.7 billion in assets under management, is showing strong performance in two of its funds, according to Fitch Ratings. Though the two funds were meant to have significant mezzanine and distressed investments, the manager has defensively positioned the portfolios, which now both contain significant loan and bond components. Howard Levkowitz, managing partner of Tennenbaum, declined comment.