Junk bonds

(Reuters) - Third Avenue Management LLC has parted ways with Chief Executive Officer David Barse after the collapse of the company's junk bond fund last week, the Wall Street Journal reported on Sunday, citing sources familiar with the matter.

The collapse of Third Avenue's Focused Credit Fund jolted Wall Street and renewed worries about the difficulty of trading securities on the U.S. bond market. New York-based Third Avenue is a relatively small investment manager with fund assets that totaled $10 billion at the beginning of the year.

Performance was bad for awhile.  People had been withdrawing money making the junk bond fund shrink by about 75%. 
This makes me want to watch Wall Street and Barbarians at the Gate.  Hearing about junk bonds and big losses is so 80's.