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As an individual investor, high-yield bonds certainly sound tempting. A higher interest rate without the ups and downs of the stock market — who doesn’t want that? However, as with most investments, there is more to high-yield bonds than meets the eye. For individual investors, these can be extremely risky […]
Brokers who pitched energy based structured products during the recent oil boom to conservative clients will be flooded with phone calls from angry clients. As the price of oil has crashed from $100 a barrel less than two years ago to below $30 on Thursday, investors who bought structured products […]
Junk bonds are back. A type of high-yield security that involves loaning money to a non-investment-grade company, “junk bonds” got their name because they are also extremely high-risk for both institutional and individual investors. While some bonds are junk from the beginning, others can become junk bonds when a company […]
During the 2000 presidential campaign, George W. Bush famously called Al Gore’s budget plan “fuzzy math.” Bush said Gore promised too much and couldn’t pay for what government programs he had planned. The notion of “fuzzy math” is particularly appropriate today when discussing Puerto Rico’s $72 billion ticking time bomb […]
Among its many provisions, the Employee Retirement Income Security Act (ERISA) provides protections for two classes of individuals in particular. These are (i) employees who suffer investment losses due to improper conduct, and (ii) employees who report companies’ misconduct (known as “whistleblowers”) leading to investment losses. ERISA is a complex […]
We are investigating sales of the Babson Capital Global Short Duration High Yield Fund (NYSE: BGH), a closed end short duration high yield bond fund for potential securities law suitability violations. Since 2009, many investors, particularly retirees or those seeking income, have invested in short duration high yield bond funds. […]
Yesterday New York City-based Zamansky LLC unveiled investigations into a dozen open-end mutual funds, two hedge funds, and a closed-end fund. The investigation comes four days after Zamansky filed a $500-million, putative class-action lawsuit over the now-infamous fall of Third Avenue’s Focused Credit Fund. Click here to view the full […]
Third Avenue Management Co. LLC and its founder were hit with a $500 million shareholder lawsuit Friday that charges they breached their fiduciary duties with a $790 million junk-bond fund that recently froze redemptions. Third Avenue Focused Credit Fund investor William Engel accuses the firm, founder Martin Whitman and other […]
The Employee Retirement Income Security Act (ERISA) protects employees who invest their retirement savings through their employers. Among its many requirements, ERISA requires all employers to act in their employees’ best interests when managing their 401(k) accounts, pensions and other retirement assets. At Zamansky LLC, we regularly investigate ERISA violations, […]
Third Avenue Management, founder Martin Whitman and other executives at the value investment firm have been sued for at least $500 million over last month’s sudden collapse of a junk bond mutual fund they oversaw. In a complaint filed on Friday with a New York state court in Manhattan, an […]