Tracy Alloway, the Financial Times' U.S. financial correspondent, reports from Las Vegas that things didn't turn out well for the American Securitization Forum's convention. (Follow Alloway on Twitter.)

Attendees didn't turn out either, she reports.

"Registered attendees for the SFIG conference reached more than 5,300 — record attendance according to one conference organiser. Meanwhile, over at ASF the scene was… a little different. ASF conference organisers have refused to reveal how many attendees they had registered. They also barred press from the event, making it difficult to get a full picture of the conference. This intrepid correspondent stopped by the ASF registration booth at the Aria in between Strawberry daiquiris on Sunday — opening day — to find just 32 conference passes waiting for attendees (yes, I counted). Gulp."

Read Alloway's full and compelling report here.

This is the first conference for the ASF since the Structured Industry Finance Group (along with core banks, asset management firms and ratings companies as sponsors) broke away in March 2013 from ASF.

ASF was further wounded by the fact that SFIG scheduled its own Las Vegas event one week prior to ASF’s already scheduled conference – in the same complex of resort-convention-hotels, no less.

The agenda for the ASF conference was just five pages, and it took place in three, smaller conference rooms at the Aria casino and resort in Las Vegas.