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.

 

 

 

Most Read

10 Things
10 Things...on the regulatory agenda

The Securities and Exchange Commission has been accused of "over-regulation" in recent years as it has proposed and finalized dozens of rules in a relatively short ...

10 Things
10 Things...to read in summer 2024

It's the Summer Solstice, and that means that for most of us the sun is shining, temperatures are heating up, and longer days allow for pursuits ...