Oct 24 2007 | 11:28am ET
By Jon Schotz
A number of years ago I found myself on a remote California desert road driving past a worm farm. The land nearby was the target for municipal bonds designated to raise capital for a new housing community, but the bonds had missed a payment. I was there to determine the value of the bonds.

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Deirdre BrennanFINforums, the events arm of FINalternatives, is holding its Annual Hedge Fund Summit on Sept. 20, 2012 at the Sentry Centers in New York City. Don't miss out on this chance to meet and mingle with the top decision makers and investors in the alternative asset management industry. Read more…