May I introduce you to "Skippy" Nisiprius?!What went wrong with Third Avenue Focused Credit in 2015? Was the SEC asleep at the switch? Admittedly this was an extraordinary event and an unusual fund (although described as a "high-yield bond fund" it was actually distressed credit of much lower quality than a normal high-yield bond fund. I never heard anyone in this forum mention it, let alone say they were investing in it).
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(And yes, this was a mutual fund fragility-in-a-crisis event.)
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You have so many posts you can't possibly remember everything you wrote here.
I was a Third Avenue Value fund investor around this time. The focused credit fund was interesting for reading the quarterly reports. Marty Whitman intended those to be an introduction to distressed investing. Not with my money. Watching the train wreck was "interesting." I sold Third Ave Value about that time too.
Paul
Statistics: Posted by stratton — Sun Dec 17, 2023 11:49 pm — Replies 70 — Views 4314