A lot of the expansion this time is based on a legitimate need of the players to be in the market. |
Activity will be volatile month to month. Our approach to growth is to be very conservative and prudent and opportunistic. |
Monthly activity can be volatile. |
The portfolio decline was mainly a product of our desire to be opportunistic, and the spreads between mortgage-backed securities and agency debt were not conducive for growth. The tightness of spreads gave us fewer opportunities to grow. |
There is a perception that energy is hot, and that there is big money to be made in the energy sector. |
We are deeply grateful to our customers for giving us this recognition. We compete with some excellent companies everyday and to receive these rankings is an honor. |