Scott Graves to Step Down as Head of Oaktree's Credit Strategies
Fitch Expects to Rate PDVSA's Proposed Notes 'CCC/RR4'
High-yield defaults swell again as August slowdown was temporary blip
Nearly a year after Puerto Rico Governor Alejandro Garcia Padilla declared that the commonwealth couldn't pay its debt, little has been resolved to give its residents or its investors any solace.
Silver-rated Franklin Mutual Global Discovery's distinctive strategy includes merger-arbitrage and distressed debt plays, providing an added layer of diversification.
The Focused Credit fund prompts Parent rating downgrade, but other issues are apparent.
The demise of Third Avenue Focused Credit represents a profound management failure, but it isn't likely that we'll see other high-yield funds follow suit.
A rough stretch for high yield is a reminder that the sector can require a strong stomach.