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

Josh Friedman 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. 

Edited by: Neil Anderson, Managing Editor


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