Browse the world's most comprehensive database of hedge fund investor letters, sorted by recent quarter. Access primary source research from leading institutional managers.
Browse the world's most comprehensive archive of hedge fund manager letters. Access primary source research from leading institutional managers, sorted by reporting period.
Constructive on high-quality securitized credit and seasoned non-agency residential mortgages, selectively rotating toward floating-rate tranches and commercial agency paper while fading long-duration corporate fixed income.
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Constructive on high-quality securitized credit and seasoned non-agency residential mortgages, selectively rotating toward floating-rate tranches and commercial agency paper while fading long-duration corporate fixed income.
Angel Oak Multi-Strategy Income Fund outpaced its benchmark in Q4 2025 with a 1.63% return, driven by high-income residential credit holdings and a highly resilient consumer macro backdrop.
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Angel Oak Multi-Strategy Income Fund outpaced its benchmark in Q4 2025 with a 1.63% return, driven by high-income residential credit holdings and a highly resilient consumer macro backdrop.
The John Hancock Bond Fund slightly underperformed its benchmark in Q4 2025 but outperformed for the full year, actively shifting risk out of corporate bonds with tight valuations and into higher-yielding securitized credit segments.
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The John Hancock Bond Fund slightly underperformed its benchmark in Q4 2025 but outperformed for the full year, actively shifting risk out of corporate bonds with tight valuations and into higher-yielding securitized credit segments.
Slightly underperforming its corporate benchmark. The managers are adopting a cautious posture due to tight credit valuations and potential tariff headwinds, leading them to trim securitized credit in favor of high-quality corporate issuers.
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Slightly underperforming its corporate benchmark. The managers are adopting a cautious posture due to tight credit valuations and potential tariff headwinds, leading them to trim securitized credit in favor of high-quality corporate issuers.