This cash component serves the purpose of meeting investor redemptions. (realsmartbeta.com)
Recently a number of credit funds have halted investor redemptions and announced they were liquidating, including a mutual fund at Third Avenue Capital. (fortune.com)
In the statement, the company cited the lackluster return of both funds in 2007, which caused investors redemption, as the main reason for the reopening. (thesunsfinancialdiary.com)