Q2 saw a return to profitability with higher book value and total return, despite a dividend cut and increased expense ratio from one-time awards. Portfolio positioning was defensive amid market volatility, with leverage and hedge coverage both rising. Uncertainty from war and Fed policy continues…
Q2 saw a return to profitability with higher book value and total return, despite a dividend cut and increased expense ratio from one-time awards. Portfolio positioning was defensive amid market volatility, with leverage and hedge coverage both rising. Uncertainty from war and Fed policy continues to shape outlook.
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