In the Margins

Third Avenue halts junk bond fund withdrawals

December 11, 2015

By The Wall Street Journal

Third Avenue Management LLC is barring investor withdrawals from the $789 million Third Avenue Credit Fund while it liquidates the high-yield bond fund. Third Avenue said poor bond-market trading conditions made it almost impossible to raise sufficient cash to meet redemption demands from investors without resorting to fire sales of assets. Read the original story from The Wall Street Journal.

 

 

 

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