Garrett Tripp discusses Braddock Financial LLC and the Braddock Multi-Strategy Income Fund. The fund invests in asset-backed securities and was converted to a public fund at the beginning of the year. Mr. Tripp primarily focuses on residential mortgage-backed securities, but he also invests in other sectors of the asset-backed securities market for diversification and to enhance the portfolio’s yield. The firm’s investment process is a fundamental, bottom-up strategy, which Mr. Tripp believes is one of its competitive advantages. The portfolio is generally comprised of approximately 100 holdings in order to remain diversified.
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