Banks’ Plan for Big Fund Faces Big Hurdles (Excerpt)

By Dan Wilchins
Reuters (New York) 17 October 2007


Current SIV managers [the successful managers with proven track records of already strong SIVs] may have a conflict of interest if they also manage the M-LEC, but new managers [failing SIVs will have available personnel] may not have the experience the pool needs, Tavakoli said.


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