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Bond investors see more carnage amid Third Avenue contagion risk

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Top bond investors are predicting more carnage for high-yield funds amid a market rout that forced a Third Avenue Management mutual fund last week to freeze redemptions.

Los Angeles

TOP bond investors are predicting more carnage for high-yield funds amid a market rout that forced a Third Avenue Management mutual fund last week to freeze redemptions.

Scott Minerd, global chief investment officer at Guggenheim Partners, predicts 10 per cent to 15 per

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