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an InvestmentWires' Publication
Tuesday, April 19, 2016|
Every Fundster Has a Plan Until They Get Punched In the Face
"To quote Mike Tyson, 'everyone has a plan until they get punched in the face.'"
If you're a fundster with wares that focus on, or at least invest a bit in, high-yield bonds or similar investments like bank loans, you can now rest a little easier. Per Wyatt's remarks to the WSJ, the SEC's examiners "haven't seen anything" that indicates that other funds are facing the same risks that took down the Third Avenue fund.
"If we saw something that would have been systemic or widespread, we certainly would have gotten that out," Wyatt tells the WSJ.
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