An annual report for one of the funds hit hard by the summer's subprime mortgage turmoil was filed yesterday, and it contains details into how fund shops are valuing their holdings in the wake of the subprime mess, according to
The Wall Street Journal. The filing for the
Regions Morgan Keegan Select High Income Fund, which invests in corporate bonds and mortgage-backed securities,
offers information on how fair values were determined on certain assets.
 
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