"[Hedge funds] are having the biggest impact on the market [and] don't always understand the impact of seasoning on pool delinquencies and their short-term trades are not necessarily research based." --Allan Berliant, portfolio manager at asset management firm GMO, on how short-term trading is affecting prices in the synthetic ABS market.
"[Hedge funds] are having the biggest impact on the market [and] don't always understand the impact of seasoning on pool delinquencies and their short-term trades are not necessarily research based."
