In the Margins

SEC OKed halt of Third Avenue fund redemptions

December 17, 2015

By Bloomberg

Third Avenue Management LLC received approval from the Securities and Exchange Commission to temporarily suspend redemptions from its $788.5 million Third Avenue Focused Credit Fund. The New York-based firm will be required to put in place investor and market protections for high-yield bond fund and be subject to ongoing SEC oversight, as a condition of the approval. Read the original story from Bloomberg.

 

 

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