Gloria ai Bastardi - Cap. 1
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gipa69
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Dogtown
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Dogtown
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Yellen’s talking about problems in the junk bond world — and basically announces an SEC investigation from her platform.
Specifically calling out the Third Avenue credit fund, “it had very concentrated positions and especially risky and liquid bonds, and it had been facing very significant redemption pressures. My understanding is that the SEC is in touch with Third Avenue, and as you probably know, the SEC has proposed some reforms to address what’s a structural problem of liquidity mismatch in open end mutual funds.”
Specifically calling out the Third Avenue credit fund, “it had very concentrated positions and especially risky and liquid bonds, and it had been facing very significant redemption pressures. My understanding is that the SEC is in touch with Third Avenue, and as you probably know, the SEC has proposed some reforms to address what’s a structural problem of liquidity mismatch in open end mutual funds.”
gipa69
collegio dei patafisici
Dogtown
Forever Ultras Ghetto
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