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2 posts on "Mutual funds"
February 19, 2016

Quantifying Potential Spillovers from Runs on High‑Yield Funds

Nicola Cetorelli, Fernando M. Duarte, Thomas M. Eisenbach, and Emily Eisner

On December 9, 2015, Third Avenue Focused Credit Fund (FCF) announced a “Plan of Liquidation,” effectively halting investor redemptions.

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Posted at 7:00 am in Corporate Finance, Financial Institutions, Financial Markets, Liquidity | Permalink | Comments (1)
October 8, 2015

Redemption Risk of Bond Mutual Funds and Dealer Positioning

Tobias Adrian, Michael J. Fleming, Or Shachar, and Erik Vogt

Market participants have recently voiced concerns that bond markets seem to become illiquid precisely when they want to sell bonds.

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Posted at 7:00 am in Financial Institutions, Financial Markets, Liquidity | Permalink

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Liberty Street Economics features insight and analysis from New York Fed economists working at the intersection of research and policy. Launched in 2011, the blog takes its name from the Bank’s headquarters at 33 Liberty Street in Manhattan’s Financial District.

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