SEC charges Millennium's EM credit fund manager with fraud

The SEC announced yesterday that it has charged Michael Balboa, former portfolio manager of the Millennium Global Emerging Credit Fund, with fraud

TAGS: High yield bonds People Leveraged loans

Comment by: Anonymous. Posted 12 years ago [2011-12-05 18:51:36]

This is a classic case for independent third-party valuations.

Comment by: Anonymous. Posted 12 years ago [2011-12-02 14:30:54]

This is striking - I assume the details are more damning than the typical exaggeration and optimistic bias of many fund manager valuations.