Relevant:
- Can You Hear Me Now? 17th Weekly Fund Outflow As Equity Fund Redemptions Accelerate
- Banks need to be bold and show hedge funds the money
- Puerto Rico's Debt Is Quietly Sitting in Mom and Pop Mutual Funds as Trump Says "It Will Be Wiped Out"
- Returns to Shrink for U.S. Mutual Fund Investors
- NYSE Bars Ex-Bear Rep. Over Hedge Fund Trading
2008-06-22 — ml-implode.com
This desperate act comes as reports are surfacing that the public mutual fund universe has not been truthful about their structured mortgage debt marks. Sources say that most mutual fund managers have their MBS holdings mis-priced, which puts the public at significant risk. The job that structured mortgage debt did on hedge funds and banks has been bad, but a mark-to-market across the public mutual fund universe could be worse because it larger and directly effects Ma and Pa America.
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