Investor Letters
Orange Investment Advisors
- Structured Credit Value Strategy Commentary Structured credit positioning favored higher-quality RMBS over CMBS, while retaining liquidity and selectively targeting seasoned CMBS, subprime auto ABS, solar ABS and small-business loan securitizations. The strategy views AI investment and strong technical demand as supportive of structured credit, but stresses issuer selection amid consumer bifurcation and persistent office-property weakness. Q2 2026 —
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