By Jesse Morton and Matt Rogers ( April 4, 2018, 12:04 PM EDT) -- On Jan. 31, it emerged that Deer Park Road Management Co. — "a multi-fund investment manager primarily focused on investing in distressed real estate and asset-backed fixed-income securities for both high-net-worth individuals and institutional investors"[1] — is currently under investigation by the U.S. Securities and Exchange Commission for the firm's alleged practice of valuing infrequently traded bonds "below market norms."[2] While SEC scrutiny over the valuation of assets held by investment funds is certainly nothing new, many in the investment community are wondering, "Why on earth would Deer Park want to undervalue its assets?"[3]...