Jenner & Block

“Deciphering Deer Park: Lessons for Fund Managers from a Recent SEC Valuation Settlement,” Hedge Fund Law Report

In this article, Jenner & Block Partners Charles D. Riely and Stephen L. Ascher highlight the SEC’s order against Deer Park for violations relating to the firm’s valuation process for distressed residential mortgage-backed securities.  The authors analyze the Deer Park action, ways it differs from prior SEC valuation cases and lessons that fund managers can learn from it.