The freezing of assets by US firm Third Avenue Management in its credit fund has led investors, including billionaire Carl Icahn, to fear a "meltdown" in the high yield sector.
Last week, Wall Street firm Third Avenue Management imposed a freeze on withdrawals from its $788m high yield bond fund, shocking the market. The firm said it took the action to avoid fire sales, following...
All-day event on 24 April
Consequences could be more severe than in stress tests
AFH has six segregated mandate funds
Variable operating expenses