More than 1,000 asset-backed securities executives flocked to a pair of conferences in Bermuda this week, but more people had been expected to attend.

People at the conferences sponsored by Strategic Research Institute and IMN/Frank Fabozzi said they knew of colleagues who had planned to come but decided to stay home. And some of the attendees admitted that their objective was not necessarily to learn more about asset-backed securities, but to get a break from the turmoil that has recently swept their market.

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