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How Are You Hedging Volatility Today?
The way that were, we're dealing with volatility or uncertainty now is really staying up in quality in terms of our investments. We've been reluctant to aggressively add to the weaker areas of the credit markets where your short volatility from a more implicit p active. So across a lot of our portfolios to day, we've been taking advantage of the widening in areas of the market that represent spread risk, not material risk o permanent capital impairment.