This guy Scott Minerd is super entrepeneurial, attempting to feast off the bones of his enemies during KRAMPUS season. He posits in this CNBC interview that 15-20% of high yield funds could be the next Third Avenue…like right now.
How wonderful.
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I think that number is closer to 90% no? #Zerohedged
FML
http://www.bloomberg.com/news/articles/2015-12-14/lucidus-has-liquidated-900-million-credit-funds-plans-to-shut