Mutual Funds

Third Avenue Reaches Deal With SEC Over Troubled Fund

Third Avenue Management LLC has reached an agreement with the Securities and Exchange Commission to provide investors with updated values on its Third Avenue Focused Credit Fund, as the firm unwinds the troubled fund over the next year or so.

Goldman’s Wall of Worry for Stocks

The stocks team at Goldman Sachs (NYSE:GS) is not as optimistic on U.S. stocks as they were just three months ago and have cut their 2015 growth expectations for the S&P 500 (NYSE:SPY). After sifting through the firm’s 24 page research note (excluding the standard disclosures) its clear some of the global risks investors are well aware of are becoming more serious.