Third Avenue Offers First Debt Fund

Third Avenue Management has launched its first debt fund, which will invest across the credit spectrum, including distressed securities or debt in default or whose issuer is bankrupt. Called the Third Avenue Focused Credit Fund, it will concentrate on value investing and be run by Jeffrey Gary.

The fund is an extension of the credit and distressed investing Third Avenue has done in its 23-year history and is being offered in response to investor demand.

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Money Management Executive
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