Other credit funds have struggled amid turmoil in the corporate bond market. Third Avenue Management said in December it was closing and suspending redemptions from a mutual fund that held lower-quality debt, triggering a selloff in junk bonds. Stone Lion Capital also suspended redemptions in its high-yield hedge fund, while credit hedge funds Mudrick Capital Management and Knighthead Capital Management reported steep losses.
BlackRock's Flagship Credit Hedge Fund Suffers Worst January
February 12, 2016
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