The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:A $7.8B Bond Fund Soft Closes Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, July 14, 2020

A $7.8B Bond Fund Soft Closes

Reported by Neil Anderson, Managing Editor

In California, an asset management boutique is soft closing its second biggest mutual fund, a bond fund, to new investors.

Abhijeet V. Patwardhan
First Pacific Advisors, LP
Partner, Portfolio Manager
Yesterday the FPA team revealed that they will close the $7.8-billion FPA New Income Fund to new investors. (Los Angeles-based FPA overall has about $23 billion in AUM.) The change is scheduled for the end of the month. And the fund will remain open to new investments from existing shareholders.

FPA New Income is the eight biggest bond fund in the short term bond fund space, Citywire reports.

Assets in the fund, launched in 1984, have risen nearly ten percent since the end of March. The fund is PMed by Thomas Atteberry and Abhi Patwardhan, who also PM the FPA Flexible Fixed Income Fund (which remains open, even to new investors). 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2024: Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use