In the Margins
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
Mutual fund industry veteran Frank Nasta, who retired from JPMorgan's U.S. funds business in mid-2018, is among three new independents nominated to join the Federated Hermes ...
Building and maintaining a diverse membership has become a top priority for many mutual fund boards in recent years, and new data shows this focus is ...
Total compensation paid to independent mutual fund directors in 2023 increased, though the difference was smaller than in the year prior, according to industry data obtained ...
The Putnam Funds board has new leadership and a new independent member following the retirement of Kenneth Leibler, who chaired the board for six years and ...