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Third Avenue Launches Debt-Focused Fund


txlaw

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I've been waiting for this to come out. Do you think it makes sense to invest right away or wait until they deploying money?

 

I think I will probably wait before they start deploying money and I can see what their first basket of holdings is.  I like the idea of Martin Whitman and people he has screened deploying money for me into debt, but I also feel that there are enough opportunities in the equity market that I want to keep cash on the side to use when we get a correction.

 

Do you guys have any opinions on what type of annualized return one might expect from a distressed debt focused fund? 

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