BOCA RATON, FLA. - Growth in the market, and the rise in market-value CDO issuance combined with some fund failures had many Information Management Network ABS East conference attendees discussing pricing transparency in the market. Although previously an overlooked piece of the structured finance puzzle, sources around the resort were keenly focused on this topic this year, thanks to concerns over pending regulation and transparency issues with valuation.
Two hedge fund managers, Harvey Allon from Braddock Financial and Rich John of Old Hill Partners, were joined by attorney Dan Hartnett of Kaye Scholer LLP, on an investor panel that delved into structured product pricing strategies for portfolio managers. The panel was moderated by Granet Kanouse, president of Murrayhill IPS Corp. Given his firm's position as a completely independent pricing service, Kanouse's expertise on this hot topic made for a lively session.