Tom Lapointe is now the sole portfolio manager of the $1 billion Third Avenue Focused Credit Fund. He will also be named a partner in the New York fund firm.

In September of this year, Third Avenue appointed him co-PM of the fund alongside Jeffrey Gary, who has managed it from its inception in 2009. Gary is no longer with the company.

Lapointe, an alum of Columbia Management, has been with Third Avenue since June 2009.  

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