MFOHome About Commentary Discussions Funds The Best Resources Support Us!

Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Sign In Register

Categories

In this Discussion

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

Mohamed El-Erian: 9 Lessons From Third Avenue Freeze

TedTed
in Fund Discussions
FYI: Third Avenue attracted considerable attention last week with the announcement that it would restrict withdrawals from its high-yield Focused Credit Fund. And rightly so: Any investment management company that limits investors’ access to their capital is taking a major decision with consequential implications not just for its clients, but also for its own future. The move raises questions about the fund's investment strategy as well as market liquidity more generally, especially during periods of uncertainty and increasing market dislocations.
Regards,
Ted
http://www.thinkadvisor.com/2015/12/14/9-lessons-from-third-avenue-freeze?t=mutual-funds

Comments

  • AndyJ
    El-Erian: the three "unhinged" asset classes are HY, energy, and EM currencies.
  • VintageFreakVintageFreak
    edited December 2015
    AndyJ said:

    El-Erian: the three "unhinged" asset classes are HY, energy, and EM currencies.

    Some day El Erian would be right. I don't believe he has done anything for the individual investor after "doing well" with the Harvard Endowment fund along with almost everyone else in a rising market.

    Right now, he is an over-rated "seer" AFAIAC
Sign In or Register to comment.