Don't look now, but the Third Avenue Focused Credit Fund
might soon be joined by more fallen junk bond funds.
| Joshua Friedman|
Canyon Capital Advisors
Co-Founder, Co-Chairman & Co-Chief Executive Officer
of the $21-billion hedge fund shop Canyon Capital Advisors tells Bloomberg
that he's "worried about the high yield rally."
"It's entirely possible that we will see more Third Avenues," Friedman reportedly says.
Third Avenue barred
the exits from the collapsing Focus Credit Fund in December.
Neil Anderson, Managing Editor
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