Someone who knows options help me with this. When I traded variance swaps we marked them to the average of quotes that dealers sent us. For NAV we had an independent third party mark them. Why would you be marking them with a model?https://www.bloomberg.com/news/articles/2021-02-22/infinity-q-fund-seeks-sec-permission-to-suspend-redemptions?sref=vuYGislZ&utm_source=url_link …
Thanks! Love it when my mutual fund manager invests 20% of the fund in bespoke otc products that only one dealer will make a price in. Definitely no way to get your face ripped off doing that.
