The document discusses various financial risks associated with investments, including default risk, interest rate risk, and risks related to swaps. It highlights the potential for greater price volatility and liquidity issues with lower-rated bonds, the sensitivity of debt instruments to interest rate changes, and the risks of extension and prepayment. The document also covers the use of swaps and the associated counterparty risks.
doj/DataSet10/EFTA01382897.pdf
{"document_type":"financial","document_subtype":"Form ADV Part 2A","key_organizations":["iCapital Advisors, LLC","Southern Financial LLC"],"reference_numbers":["DB-SDNY-0082445","SDNY_GM_00228629","EFTA01382897"]}