Quantcast
Are you getting the best rate from your broker?
Compare your broker's rates now to find out if you can save money

Choose your broker below
Welcome to Dividend.com. Please help us personalize your experience.

Select the one that best describes you
Dividend logo

The announcement last week that Third Avenue Management would liquidate its Third Avenue Focused Credit Fund sent tremors throughout the high-yield market, which was having plenty of problems already.

Shutting down a fund—which isn’t as rare as you might think—usually takes place because a fund hasn’t gathered sufficient assets to make running it worthwhile for the management company. Almost 2,400 funds were shut between 1999 and 2011, according to a study by Morningstar, and closures continue.

To read the Full Story, Go Premium or Log In

Popular Articles

Premium Berkshire%20hathaway%20logo
News

The Chances for a Berkshire Hathaway Dividend Are Growing

We all know that classic Wall Street saying, “Cash is king.” But sometimes, too much cash on hand...

Premium Us%20treasury
News

The Market Wrap for May 18: 10-Year Treasury Yield Went Up a Notch

The Q1 earnings season delivered some great results, but the interest rate hikes are slowly...

Dividend Investing Ideas Center

Dividend Funds vs. Dividend Stocks

A very popular topic with investors, especially when it comes to discussing stocks, is dividends....