In the Margins

SEC reviews high-yield funds

January 14, 2016

By Reuters

The Securities and Exchange Commission launched a review of potential liquidity risks posed by high-yield bond fund managers in the aftermath of the collapse of Third Avenue's junk bond fund in December. Within weeks of the Third Avenue fund collapse, SEC examiners sent detailed requests to mutual funds and exchange-traded funds seeking information about how they price less liquid securities, and whether certain parties have ever challenged those prices. Read the original story from Reuters.

 

 

Most Read

10 Things
10 Things...Boards will face in 2023

As mutual fund board members look forward to 2023, which is just around the corner, they are faced with a number of challenges and tasks unique ...