In the Margins

Regulators examine Third Avenue redemptions halt

December 15, 2015

By The Wall Street Journal

Regulators is scrutinizing Third Avenue Management's halting of shareholder redemptions from its Third Avenue Focused Credit Fund without first obtaining the green light from the Securities and Exchange Commission, according to people familiar with the matter. The review follows Third Avenue Management's announcement last week that it was closing the $789 million fund. Read the original story from The Wall Street Journal.

 

 

Most Read

Top of the Agenda - Regulatory
ICI pursues reforming, modernizing '40 Act

The Investment Company Institute this week made public a set of recommendations to reform and modernize the Investment Company Act of 1940, which has not been ...

10 Things
10 Women...who chair the Audit Committee

The percentage of female independent directors serving on mutual fund boards has increased impressively in recent years, jumping from about 20% 10 years ago to nearly 40% ...