Hedge Fund Mark to Market Woes (Excerpt)

Greenwich Post Aug 3, 2007
by Andrew Szabo

“‘Mark to model’ is a joke,” Reuters quoted Janet Tavakoli as saying. She is president of consulting firm Tavakoli Structured Finance. “What you need to do now is vet the underlying collateral... It’s grubby, roll-up-your-sleeves kind of work.”

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