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Articles Posted in Third Avenue Management

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Focused Credit Junk Bond Collapses, Leaving Investors in the Lurch

Just days after the collapse of Third Avenue Management LLC’s junk bond fund the Focused Credit Fund (TFCVX), the company’s CEO David M. Barse is out, says the Wall Street Journal. The news comes following Barse’s announcement that redemptions to the high yield mutual fund’s investors would be frozen. The…

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