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Fund Managers Criticize Competitors for Market Deception
Posted March 01, 2010
6:21PM PST
Life settlement fund managers criticized "rogue" competitors for deceiving the market with over-inflated policy evaluations, FTAdviser reported. The comments follow warnings last week from an official with the U.K.'s Financial Services Authority at a life settlements trade conference in London. Peter Smith, head investments policy for the FSA, reportedly said the agency is concerned about misleading marketing for life settlement investments.
Source: News Story
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