๐ซ ๐ช๐ฒ๐ฒ๐ธ๐น๐ ๐ฃ๐ผ๐ฟ๐๐ณ๐ผ๐น๐ถ๐ผ ๐๐ฒ๐ฎ๐ฟ๐๐ฏ๐ฒ๐ฎ๐ โ [๐ต๐๐ต ๐๐ฝ๐ฟ๐ถ๐น ๐ฎ๐ฌ๐ฎ๐ฒ]
๐ ๐ช๐ต๐ฎ๐ ๐ฐ๐ต๐ฎ๐ป๐ด๐ฒ๐ฑ
- Positions in JOE and 83.HK were partially reduced during the week.
- These adjustments were made as part of de-risking where valuation clarity is lower within the property segment.
- A position in Morgan Stanley Direct Lending Fund was initiated.
This sits alongside existing exposure in Goldman Sachs BDC within the same framework.
- Position sizing reflects predefined limits, with exposure kept within self-imposed caps at the portfolio level.
- No other material additions or exits were made.
๐ก๏ธ ๐ฅ๐ถ๐๐ธ ๐ฝ๐ผ๐๐๐๐ฟ๐ฒ
- Overall positioning remains within the existing framework.
- Risk continues to be managed through position sizing, valuation thresholds, and diversification controls.
- Exposure to similar underlying drivers is monitored and capped within defined limits.
- Market conditions remain uncertain, particularly across property-related assets.
- No views are being taken on political developments, and no actions were driven by external events.
- Monitoring continues across positions for changes in valuation, correlation, and downside risk.
No new macro views.... Show More
Not investment advice. The author may have financial interests in the mentioned instruments.
@FundManagerZech Iโm new to copy trading and have started with a relatively small investment compare to many others. I noticed that the new TBPH position was not opened on my account, likely because it was at 0.12%, whereas my minimum threshold is typically 0.25% or higher.
I assume there may be other... Show More
Property exposure reduction makes sense given valuation uncertainty in that sector. The BDC positioning alongside credit exposure is interesting - are you seeing any correlation shifts between direct lending and traditional credit markets during this volatility regime? Risk-off periods often reveal hidden... Show More
Hello I've been trying to get in touch with you please send me a massage ... Show More
1 reply
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