avenue-credit
Exclusive: Billionaire Lasry’s junk fund stops voluntary reporting of asset levels
January 12, 2016 by elegant · Leave a Comment
A junk bond fund run by billionaire Marc Lasry's Avenue Capital Management, which has experienced heavy investment losses and investor withdrawals, has stopped voluntarily reporting daily asset figures to the mutual fund industry's top two tracking firms. Research chiefs for Morningstar and Lipper said on Monday they had not received daily asset under management figures from the Avenue Credit Strategies Fund since about mid-December. The fund is not required to report the …
Read the original here:
Exclusive: Billionaire Lasry’s junk fund stops voluntary reporting of asset levels