Valuation (Schedule of Financial Instruments) (Details) - USD ($)
$ in Thousands |
Sep. 30, 2019 |
Dec. 31, 2018 |
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Securities, at fair value |
|
$ 1,875,929
|
|
|
| Investment in unconsolidated entities, at fair value |
[1] |
70,435
|
|
|
| Financial derivatives–assets, at fair value- |
|
12,740
|
|
$ 20,001
|
| Repurchase agreements, at fair value |
|
36,473
|
|
61,274
|
| Investments sold short, at fair value- |
|
(36,909)
|
|
(850,577)
|
| Financial derivatives–liabilities, at fair value- |
|
(25,572)
|
|
(20,806)
|
| Other secured borrowings, at fair value |
|
(438,629)
|
[1] |
(297,948)
|
| Fair Value, Measurements, Recurring |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investment in unconsolidated entities, at fair value |
|
70,435
|
|
|
| Total assets |
|
3,184,947
|
|
3,020,586
|
| Other secured borrowings, at fair value |
|
(438,629)
|
|
|
| Total liabilities |
|
(501,110)
|
|
(1,169,331)
|
| Fair Value, Measurements, Recurring | Investments Sold Short |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments sold short, at fair value- |
|
|
|
(850,577)
|
| Fair Value, Measurements, Recurring | Investments Sold Short | Agency RMBS |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments sold short, at fair value- |
|
|
|
(772,964)
|
| Fair Value, Measurements, Recurring | Investments Sold Short | Corporate debt securities |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments sold short, at fair value- |
|
(473)
|
|
|
| Fair Value, Measurements, Recurring | Investments Sold Short | Government debt |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments sold short, at fair value- |
|
(36,436)
|
|
(54,151)
|
| Fair Value, Measurements, Recurring | Investments Sold Short | Corporate debt securities |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments sold short, at fair value- |
|
|
|
(6,529)
|
| Fair Value, Measurements, Recurring | Investments Sold Short | Common stock |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments sold short, at fair value- |
|
|
|
(16,933)
|
| Fair Value, Measurements, Recurring | Financial Derivatives - Liabilities |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–liabilities, at fair value- |
|
|
|
(20,806)
|
| Fair Value, Measurements, Recurring | Financial Derivatives - Liabilities | Credit default swaps on corporate bond indices |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–liabilities, at fair value- |
|
(11,185)
|
|
(11,557)
|
| Fair Value, Measurements, Recurring | Financial Derivatives - Liabilities | Credit default swaps on corporate bonds |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–liabilities, at fair value- |
|
(186)
|
|
(3,246)
|
| Fair Value, Measurements, Recurring | Financial Derivatives - Liabilities | Credit default swaps on asset-backed indices |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–liabilities, at fair value- |
|
(194)
|
|
(2,125)
|
| Fair Value, Measurements, Recurring | Financial Derivatives - Liabilities | Interest rate swaps |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–liabilities, at fair value- |
|
(12,115)
|
|
(3,397)
|
| Fair Value, Measurements, Recurring | Financial Derivatives - Liabilities | TBA securities |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–liabilities, at fair value- |
|
(904)
|
|
|
| Fair Value, Measurements, Recurring | Financial Derivatives - Liabilities | Futures |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–liabilities, at fair value- |
|
(67)
|
|
(355)
|
| Fair Value, Measurements, Recurring | Financial Derivatives - Liabilities | Forwards |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–liabilities, at fair value- |
|
|
|
(120)
|
| Fair Value, Measurements, Recurring | Financial Derivatives - Liabilities | Total return swaps |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–liabilities, at fair value- |
|
(921)
|
|
(6)
|
| Fair Value, Measurements, Recurring | Other secured borrowings, at fair value |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Other secured borrowings, at fair value |
|
|
|
(297,948)
|
| Fair Value, Measurements, Recurring | Cash equivalents |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Cash and cash equivalents |
|
|
|
12,460
|
| Fair Value, Measurements, Recurring | Securities | Agency RMBS |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Securities, at fair value |
|
1,565,007
|
|
|
| Fair Value, Measurements, Recurring | Securities | Non-Agency RMBS |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Securities, at fair value |
|
157,214
|
|
|
| Fair Value, Measurements, Recurring | Securities | CMBS |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Securities, at fair value |
|
39,574
|
|
|
| Fair Value, Measurements, Recurring | Securities | CLOs |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Securities, at fair value |
|
67,400
|
|
|
| Fair Value, Measurements, Recurring | Securities | Asset-backed securities, backed by consumer loans |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Securities, at fair value |
|
39,316
|
|
|
| Fair Value, Measurements, Recurring | Securities | Corporate debt securities |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Securities, at fair value |
|
3,182
|
|
|
| Fair Value, Measurements, Recurring | Securities | Corporate equity securities |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Securities, at fair value |
|
4,236
|
|
|
| Fair Value, Measurements, Recurring | Investments |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments, at fair value- |
|
|
|
2,939,311
|
| Fair Value, Measurements, Recurring | Investments | Agency RMBS |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments, at fair value- |
|
|
|
1,450,217
|
| Fair Value, Measurements, Recurring | Investments | Non-Agency RMBS |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments, at fair value- |
|
|
|
302,639
|
| Fair Value, Measurements, Recurring | Investments | CMBS |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments, at fair value- |
|
|
|
33,908
|
| Fair Value, Measurements, Recurring | Investments | CLOs |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments, at fair value- |
|
|
|
123,893
|
| Fair Value, Measurements, Recurring | Investments | Corporate debt securities |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments, at fair value- |
|
|
|
22,392
|
| Fair Value, Measurements, Recurring | Investments | Corporate equity securities |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments, at fair value- |
|
|
|
43,793
|
| Fair Value, Measurements, Recurring | Investments | Secured notes |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments, at fair value- |
|
|
|
10,917
|
| Fair Value, Measurements, Recurring | Investments | U.S. Treasury securities |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments, at fair value- |
|
|
|
76
|
| Fair Value, Measurements, Recurring | Investments | Residential mortgage loans |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments, at fair value- |
|
|
|
496,830
|
| Fair Value, Measurements, Recurring | Investments | Commercial mortgage loans |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments, at fair value- |
|
|
|
211,185
|
| Fair Value, Measurements, Recurring | Investments | Consumer loans and asset-backed securities backed by consumer loans |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments, at fair value- |
|
|
|
206,761
|
| Fair Value, Measurements, Recurring | Investments | Real estate owned |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments, at fair value- |
|
|
|
34,500
|
| Fair Value, Measurements, Recurring | Investments | Common stock |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments, at fair value- |
|
|
|
2,200
|
| Fair Value, Measurements, Recurring | Loans | Residential mortgage loans |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Loans, at fair value |
|
797,728
|
|
|
| Fair Value, Measurements, Recurring | Loans | Commercial mortgage loans |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Loans, at fair value |
|
260,626
|
|
|
| Fair Value, Measurements, Recurring | Loans | Consumer loans |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Loans, at fair value |
|
151,699
|
|
|
| Fair Value, Measurements, Recurring | Loans | Corporate loan [Member] |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Loans, at fair value |
|
15,790
|
|
|
| Fair Value, Measurements, Recurring | Financial Derivatives - Assets |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–assets, at fair value- |
|
|
|
20,001
|
| Fair Value, Measurements, Recurring | Financial Derivatives - Assets | Credit default swaps on asset-backed securities |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–assets, at fair value- |
|
1,078
|
|
1,472
|
| Fair Value, Measurements, Recurring | Financial Derivatives - Assets | Credit default swaps on corporate bond indices |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–assets, at fair value- |
|
5,060
|
|
733
|
| Fair Value, Measurements, Recurring | Financial Derivatives - Assets | Credit default swaps on corporate bonds |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–assets, at fair value- |
|
41
|
|
2,473
|
| Fair Value, Measurements, Recurring | Financial Derivatives - Assets | Credit default swaps on asset-backed indices |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–assets, at fair value- |
|
2,146
|
|
8,092
|
| Fair Value, Measurements, Recurring | Financial Derivatives - Assets | Interest rate swaps |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–assets, at fair value- |
|
3,440
|
|
7,224
|
| Fair Value, Measurements, Recurring | Financial Derivatives - Assets | TBA securities |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–assets, at fair value- |
|
142
|
|
|
| Fair Value, Measurements, Recurring | Financial Derivatives - Assets | Futures |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–assets, at fair value- |
|
484
|
|
|
| Fair Value, Measurements, Recurring | Financial Derivatives - Assets | Forwards |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–assets, at fair value- |
|
114
|
|
6
|
| Fair Value, Measurements, Recurring | Financial Derivatives - Assets | Total return swaps |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–assets, at fair value- |
|
235
|
|
1
|
| Fair Value, Measurements, Recurring | Repurchase Agreements |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Repurchase agreements, at fair value |
|
|
|
61,274
|
| Fair Value, Measurements, Recurring | Level 1 |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investment in unconsolidated entities, at fair value |
|
0
|
|
|
| Total assets |
|
2,442
|
|
2,200
|
| Other secured borrowings, at fair value |
|
0
|
|
|
| Total liabilities |
|
(67)
|
|
(17,288)
|
| Fair Value, Measurements, Recurring | Level 1 | Investments Sold Short |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments sold short, at fair value- |
|
|
|
(16,933)
|
| Fair Value, Measurements, Recurring | Level 1 | Investments Sold Short | Agency RMBS |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments sold short, at fair value- |
|
|
|
0
|
| Fair Value, Measurements, Recurring | Level 1 | Investments Sold Short | Corporate debt securities |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments sold short, at fair value- |
|
0
|
|
|
| Fair Value, Measurements, Recurring | Level 1 | Investments Sold Short | Government debt |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments sold short, at fair value- |
|
0
|
|
0
|
| Fair Value, Measurements, Recurring | Level 1 | Investments Sold Short | Corporate debt securities |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments sold short, at fair value- |
|
|
|
0
|
| Fair Value, Measurements, Recurring | Level 1 | Investments Sold Short | Common stock |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments sold short, at fair value- |
|
|
|
(16,933)
|
| Fair Value, Measurements, Recurring | Level 1 | Financial Derivatives - Liabilities |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–liabilities, at fair value- |
|
|
|
(355)
|
| Fair Value, Measurements, Recurring | Level 1 | Financial Derivatives - Liabilities | Credit default swaps on corporate bond indices |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–liabilities, at fair value- |
|
0
|
|
0
|
| Fair Value, Measurements, Recurring | Level 1 | Financial Derivatives - Liabilities | Credit default swaps on corporate bonds |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–liabilities, at fair value- |
|
0
|
|
0
|
| Fair Value, Measurements, Recurring | Level 1 | Financial Derivatives - Liabilities | Credit default swaps on asset-backed indices |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–liabilities, at fair value- |
|
0
|
|
0
|
| Fair Value, Measurements, Recurring | Level 1 | Financial Derivatives - Liabilities | Interest rate swaps |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–liabilities, at fair value- |
|
0
|
|
0
|
| Fair Value, Measurements, Recurring | Level 1 | Financial Derivatives - Liabilities | TBA securities |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–liabilities, at fair value- |
|
0
|
|
|
| Fair Value, Measurements, Recurring | Level 1 | Financial Derivatives - Liabilities | Futures |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–liabilities, at fair value- |
|
(67)
|
|
(355)
|
| Fair Value, Measurements, Recurring | Level 1 | Financial Derivatives - Liabilities | Forwards |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–liabilities, at fair value- |
|
|
|
0
|
| Fair Value, Measurements, Recurring | Level 1 | Financial Derivatives - Liabilities | Total return swaps |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–liabilities, at fair value- |
|
0
|
|
0
|
| Fair Value, Measurements, Recurring | Level 1 | Other secured borrowings, at fair value |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Other secured borrowings, at fair value |
|
|
|
0
|
| Fair Value, Measurements, Recurring | Level 1 | Cash equivalents |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Cash and cash equivalents |
|
|
|
12,460
|
| Fair Value, Measurements, Recurring | Level 1 | Securities | Agency RMBS |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Securities, at fair value |
|
0
|
|
|
| Fair Value, Measurements, Recurring | Level 1 | Securities | Non-Agency RMBS |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Securities, at fair value |
|
0
|
|
|
| Fair Value, Measurements, Recurring | Level 1 | Securities | CMBS |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Securities, at fair value |
|
0
|
|
|
| Fair Value, Measurements, Recurring | Level 1 | Securities | CLOs |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Securities, at fair value |
|
0
|
|
|
| Fair Value, Measurements, Recurring | Level 1 | Securities | Asset-backed securities, backed by consumer loans |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Securities, at fair value |
|
0
|
|
|
| Fair Value, Measurements, Recurring | Level 1 | Securities | Corporate debt securities |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Securities, at fair value |
|
0
|
|
|
| Fair Value, Measurements, Recurring | Level 1 | Securities | Corporate equity securities |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Securities, at fair value |
|
1,958
|
|
|
| Fair Value, Measurements, Recurring | Level 1 | Investments |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments, at fair value- |
|
|
|
2,200
|
| Fair Value, Measurements, Recurring | Level 1 | Investments | Agency RMBS |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments, at fair value- |
|
|
|
0
|
| Fair Value, Measurements, Recurring | Level 1 | Investments | Non-Agency RMBS |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments, at fair value- |
|
|
|
0
|
| Fair Value, Measurements, Recurring | Level 1 | Investments | CMBS |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments, at fair value- |
|
|
|
0
|
| Fair Value, Measurements, Recurring | Level 1 | Investments | CLOs |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments, at fair value- |
|
|
|
0
|
| Fair Value, Measurements, Recurring | Level 1 | Investments | Corporate debt securities |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments, at fair value- |
|
|
|
0
|
| Fair Value, Measurements, Recurring | Level 1 | Investments | Corporate equity securities |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments, at fair value- |
|
|
|
0
|
| Fair Value, Measurements, Recurring | Level 1 | Investments | Secured notes |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments, at fair value- |
|
|
|
0
|
| Fair Value, Measurements, Recurring | Level 1 | Investments | U.S. Treasury securities |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments, at fair value- |
|
|
|
0
|
| Fair Value, Measurements, Recurring | Level 1 | Investments | Residential mortgage loans |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments, at fair value- |
|
|
|
0
|
| Fair Value, Measurements, Recurring | Level 1 | Investments | Commercial mortgage loans |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments, at fair value- |
|
|
|
0
|
| Fair Value, Measurements, Recurring | Level 1 | Investments | Consumer loans and asset-backed securities backed by consumer loans |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments, at fair value- |
|
|
|
0
|
| Fair Value, Measurements, Recurring | Level 1 | Investments | Real estate owned |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments, at fair value- |
|
|
|
0
|
| Fair Value, Measurements, Recurring | Level 1 | Investments | Common stock |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments, at fair value- |
|
|
|
2,200
|
| Fair Value, Measurements, Recurring | Level 1 | Loans | Residential mortgage loans |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Loans, at fair value |
|
0
|
|
|
| Fair Value, Measurements, Recurring | Level 1 | Loans | Commercial mortgage loans |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Loans, at fair value |
|
0
|
|
|
| Fair Value, Measurements, Recurring | Level 1 | Loans | Consumer loans |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Loans, at fair value |
|
0
|
|
|
| Fair Value, Measurements, Recurring | Level 1 | Loans | Corporate loan [Member] |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Loans, at fair value |
|
0
|
|
|
| Fair Value, Measurements, Recurring | Level 1 | Financial Derivatives - Assets |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–assets, at fair value- |
|
|
|
0
|
| Fair Value, Measurements, Recurring | Level 1 | Financial Derivatives - Assets | Credit default swaps on asset-backed securities |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–assets, at fair value- |
|
0
|
|
0
|
| Fair Value, Measurements, Recurring | Level 1 | Financial Derivatives - Assets | Credit default swaps on corporate bond indices |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–assets, at fair value- |
|
0
|
|
0
|
| Fair Value, Measurements, Recurring | Level 1 | Financial Derivatives - Assets | Credit default swaps on corporate bonds |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–assets, at fair value- |
|
0
|
|
0
|
| Fair Value, Measurements, Recurring | Level 1 | Financial Derivatives - Assets | Credit default swaps on asset-backed indices |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–assets, at fair value- |
|
0
|
|
0
|
| Fair Value, Measurements, Recurring | Level 1 | Financial Derivatives - Assets | Interest rate swaps |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–assets, at fair value- |
|
0
|
|
0
|
| Fair Value, Measurements, Recurring | Level 1 | Financial Derivatives - Assets | TBA securities |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–assets, at fair value- |
|
0
|
|
|
| Fair Value, Measurements, Recurring | Level 1 | Financial Derivatives - Assets | Futures |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–assets, at fair value- |
|
484
|
|
|
| Fair Value, Measurements, Recurring | Level 1 | Financial Derivatives - Assets | Forwards |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–assets, at fair value- |
|
0
|
|
0
|
| Fair Value, Measurements, Recurring | Level 1 | Financial Derivatives - Assets | Total return swaps |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–assets, at fair value- |
|
0
|
|
0
|
| Fair Value, Measurements, Recurring | Level 1 | Repurchase Agreements |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Repurchase agreements, at fair value |
|
|
|
0
|
| Fair Value, Measurements, Recurring | Level 2 |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investment in unconsolidated entities, at fair value |
|
0
|
|
|
| Total assets |
|
1,694,781
|
|
1,892,308
|
| Other secured borrowings, at fair value |
|
0
|
|
|
| Total liabilities |
|
(62,200)
|
|
(854,095)
|
| Fair Value, Measurements, Recurring | Level 2 | Investments Sold Short |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments sold short, at fair value- |
|
|
|
(833,644)
|
| Fair Value, Measurements, Recurring | Level 2 | Investments Sold Short | Agency RMBS |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments sold short, at fair value- |
|
|
|
(772,964)
|
| Fair Value, Measurements, Recurring | Level 2 | Investments Sold Short | Corporate debt securities |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments sold short, at fair value- |
|
(473)
|
|
|
| Fair Value, Measurements, Recurring | Level 2 | Investments Sold Short | Government debt |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments sold short, at fair value- |
|
(36,436)
|
|
(54,151)
|
| Fair Value, Measurements, Recurring | Level 2 | Investments Sold Short | Corporate debt securities |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments sold short, at fair value- |
|
|
|
(6,529)
|
| Fair Value, Measurements, Recurring | Level 2 | Investments Sold Short | Common stock |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments sold short, at fair value- |
|
|
|
0
|
| Fair Value, Measurements, Recurring | Level 2 | Financial Derivatives - Liabilities |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–liabilities, at fair value- |
|
|
|
(20,451)
|
| Fair Value, Measurements, Recurring | Level 2 | Financial Derivatives - Liabilities | Credit default swaps on corporate bond indices |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–liabilities, at fair value- |
|
(11,185)
|
|
(11,557)
|
| Fair Value, Measurements, Recurring | Level 2 | Financial Derivatives - Liabilities | Credit default swaps on corporate bonds |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–liabilities, at fair value- |
|
(186)
|
|
(3,246)
|
| Fair Value, Measurements, Recurring | Level 2 | Financial Derivatives - Liabilities | Credit default swaps on asset-backed indices |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–liabilities, at fair value- |
|
(194)
|
|
(2,125)
|
| Fair Value, Measurements, Recurring | Level 2 | Financial Derivatives - Liabilities | Interest rate swaps |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–liabilities, at fair value- |
|
(12,115)
|
|
(3,397)
|
| Fair Value, Measurements, Recurring | Level 2 | Financial Derivatives - Liabilities | TBA securities |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–liabilities, at fair value- |
|
(904)
|
|
|
| Fair Value, Measurements, Recurring | Level 2 | Financial Derivatives - Liabilities | Futures |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–liabilities, at fair value- |
|
0
|
|
0
|
| Fair Value, Measurements, Recurring | Level 2 | Financial Derivatives - Liabilities | Forwards |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–liabilities, at fair value- |
|
|
|
(120)
|
| Fair Value, Measurements, Recurring | Level 2 | Financial Derivatives - Liabilities | Total return swaps |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–liabilities, at fair value- |
|
(707)
|
|
(6)
|
| Fair Value, Measurements, Recurring | Level 2 | Other secured borrowings, at fair value |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Other secured borrowings, at fair value |
|
|
|
0
|
| Fair Value, Measurements, Recurring | Level 2 | Cash equivalents |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Cash and cash equivalents |
|
|
|
0
|
| Fair Value, Measurements, Recurring | Level 2 | Securities | Agency RMBS |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Securities, at fair value |
|
1,541,508
|
|
|
| Fair Value, Measurements, Recurring | Level 2 | Securities | Non-Agency RMBS |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Securities, at fair value |
|
75,732
|
|
|
| Fair Value, Measurements, Recurring | Level 2 | Securities | CMBS |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Securities, at fair value |
|
27,206
|
|
|
| Fair Value, Measurements, Recurring | Level 2 | Securities | CLOs |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Securities, at fair value |
|
39,392
|
|
|
| Fair Value, Measurements, Recurring | Level 2 | Securities | Asset-backed securities, backed by consumer loans |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Securities, at fair value |
|
0
|
|
|
| Fair Value, Measurements, Recurring | Level 2 | Securities | Corporate debt securities |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Securities, at fair value |
|
0
|
|
|
| Fair Value, Measurements, Recurring | Level 2 | Securities | Corporate equity securities |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Securities, at fair value |
|
0
|
|
|
| Fair Value, Measurements, Recurring | Level 2 | Investments |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments, at fair value- |
|
|
|
1,812,505
|
| Fair Value, Measurements, Recurring | Level 2 | Investments | Agency RMBS |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments, at fair value- |
|
|
|
1,442,924
|
| Fair Value, Measurements, Recurring | Level 2 | Investments | Non-Agency RMBS |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments, at fair value- |
|
|
|
211,348
|
| Fair Value, Measurements, Recurring | Level 2 | Investments | CMBS |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments, at fair value- |
|
|
|
33,105
|
| Fair Value, Measurements, Recurring | Level 2 | Investments | CLOs |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments, at fair value- |
|
|
|
108,978
|
| Fair Value, Measurements, Recurring | Level 2 | Investments | Corporate debt securities |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments, at fair value- |
|
|
|
16,074
|
| Fair Value, Measurements, Recurring | Level 2 | Investments | Corporate equity securities |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments, at fair value- |
|
|
|
0
|
| Fair Value, Measurements, Recurring | Level 2 | Investments | Secured notes |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments, at fair value- |
|
|
|
0
|
| Fair Value, Measurements, Recurring | Level 2 | Investments | U.S. Treasury securities |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments, at fair value- |
|
|
|
76
|
| Fair Value, Measurements, Recurring | Level 2 | Investments | Residential mortgage loans |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments, at fair value- |
|
|
|
0
|
| Fair Value, Measurements, Recurring | Level 2 | Investments | Commercial mortgage loans |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments, at fair value- |
|
|
|
0
|
| Fair Value, Measurements, Recurring | Level 2 | Investments | Consumer loans and asset-backed securities backed by consumer loans |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments, at fair value- |
|
|
|
0
|
| Fair Value, Measurements, Recurring | Level 2 | Investments | Real estate owned |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments, at fair value- |
|
|
|
0
|
| Fair Value, Measurements, Recurring | Level 2 | Investments | Common stock |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments, at fair value- |
|
|
|
0
|
| Fair Value, Measurements, Recurring | Level 2 | Loans | Residential mortgage loans |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Loans, at fair value |
|
0
|
|
|
| Fair Value, Measurements, Recurring | Level 2 | Loans | Commercial mortgage loans |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Loans, at fair value |
|
0
|
|
|
| Fair Value, Measurements, Recurring | Level 2 | Loans | Consumer loans |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Loans, at fair value |
|
0
|
|
|
| Fair Value, Measurements, Recurring | Level 2 | Loans | Corporate loan [Member] |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Loans, at fair value |
|
0
|
|
|
| Fair Value, Measurements, Recurring | Level 2 | Financial Derivatives - Assets |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–assets, at fair value- |
|
|
|
18,529
|
| Fair Value, Measurements, Recurring | Level 2 | Financial Derivatives - Assets | Credit default swaps on asset-backed securities |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–assets, at fair value- |
|
0
|
|
0
|
| Fair Value, Measurements, Recurring | Level 2 | Financial Derivatives - Assets | Credit default swaps on corporate bond indices |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–assets, at fair value- |
|
5,060
|
|
733
|
| Fair Value, Measurements, Recurring | Level 2 | Financial Derivatives - Assets | Credit default swaps on corporate bonds |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–assets, at fair value- |
|
41
|
|
2,473
|
| Fair Value, Measurements, Recurring | Level 2 | Financial Derivatives - Assets | Credit default swaps on asset-backed indices |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–assets, at fair value- |
|
2,146
|
|
8,092
|
| Fair Value, Measurements, Recurring | Level 2 | Financial Derivatives - Assets | Interest rate swaps |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–assets, at fair value- |
|
3,440
|
|
7,224
|
| Fair Value, Measurements, Recurring | Level 2 | Financial Derivatives - Assets | TBA securities |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–assets, at fair value- |
|
142
|
|
|
| Fair Value, Measurements, Recurring | Level 2 | Financial Derivatives - Assets | Futures |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–assets, at fair value- |
|
0
|
|
|
| Fair Value, Measurements, Recurring | Level 2 | Financial Derivatives - Assets | Forwards |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–assets, at fair value- |
|
114
|
|
6
|
| Fair Value, Measurements, Recurring | Level 2 | Financial Derivatives - Assets | Total return swaps |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–assets, at fair value- |
|
0
|
|
1
|
| Fair Value, Measurements, Recurring | Level 2 | Repurchase Agreements |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Repurchase agreements, at fair value |
|
|
|
61,274
|
| Fair Value, Measurements, Recurring | Level 3 |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investment in unconsolidated entities, at fair value |
|
70,435
|
|
|
| Total assets |
|
1,487,724
|
|
1,126,078
|
| Other secured borrowings, at fair value |
|
(438,629)
|
|
|
| Total liabilities |
|
(438,843)
|
|
(297,948)
|
| Fair Value, Measurements, Recurring | Level 3 | Investments Sold Short |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments sold short, at fair value- |
|
|
|
0
|
| Fair Value, Measurements, Recurring | Level 3 | Investments Sold Short | Agency RMBS |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments sold short, at fair value- |
|
|
|
0
|
| Fair Value, Measurements, Recurring | Level 3 | Investments Sold Short | Corporate debt securities |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments sold short, at fair value- |
|
0
|
|
|
| Fair Value, Measurements, Recurring | Level 3 | Investments Sold Short | Government debt |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments sold short, at fair value- |
|
0
|
|
0
|
| Fair Value, Measurements, Recurring | Level 3 | Investments Sold Short | Corporate debt securities |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments sold short, at fair value- |
|
|
|
0
|
| Fair Value, Measurements, Recurring | Level 3 | Investments Sold Short | Common stock |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments sold short, at fair value- |
|
|
|
0
|
| Fair Value, Measurements, Recurring | Level 3 | Financial Derivatives - Liabilities |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–liabilities, at fair value- |
|
|
|
0
|
| Fair Value, Measurements, Recurring | Level 3 | Financial Derivatives - Liabilities | Credit default swaps on corporate bond indices |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–liabilities, at fair value- |
|
0
|
|
0
|
| Fair Value, Measurements, Recurring | Level 3 | Financial Derivatives - Liabilities | Credit default swaps on corporate bonds |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–liabilities, at fair value- |
|
0
|
|
0
|
| Fair Value, Measurements, Recurring | Level 3 | Financial Derivatives - Liabilities | Credit default swaps on asset-backed indices |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–liabilities, at fair value- |
|
0
|
|
0
|
| Fair Value, Measurements, Recurring | Level 3 | Financial Derivatives - Liabilities | Interest rate swaps |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–liabilities, at fair value- |
|
0
|
|
0
|
| Fair Value, Measurements, Recurring | Level 3 | Financial Derivatives - Liabilities | TBA securities |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–liabilities, at fair value- |
|
0
|
|
|
| Fair Value, Measurements, Recurring | Level 3 | Financial Derivatives - Liabilities | Futures |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–liabilities, at fair value- |
|
0
|
|
0
|
| Fair Value, Measurements, Recurring | Level 3 | Financial Derivatives - Liabilities | Forwards |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–liabilities, at fair value- |
|
|
|
0
|
| Fair Value, Measurements, Recurring | Level 3 | Financial Derivatives - Liabilities | Total return swaps |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–liabilities, at fair value- |
|
(214)
|
|
0
|
| Fair Value, Measurements, Recurring | Level 3 | Other secured borrowings, at fair value |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Other secured borrowings, at fair value |
|
|
|
(297,948)
|
| Fair Value, Measurements, Recurring | Level 3 | Cash equivalents |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Cash and cash equivalents |
|
|
|
0
|
| Fair Value, Measurements, Recurring | Level 3 | Securities | Agency RMBS |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Securities, at fair value |
|
23,499
|
|
|
| Fair Value, Measurements, Recurring | Level 3 | Securities | Non-Agency RMBS |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Securities, at fair value |
|
81,482
|
|
|
| Fair Value, Measurements, Recurring | Level 3 | Securities | CMBS |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Securities, at fair value |
|
12,368
|
|
|
| Fair Value, Measurements, Recurring | Level 3 | Securities | CLOs |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Securities, at fair value |
|
28,008
|
|
|
| Fair Value, Measurements, Recurring | Level 3 | Securities | Asset-backed securities, backed by consumer loans |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Securities, at fair value |
|
39,316
|
|
|
| Fair Value, Measurements, Recurring | Level 3 | Securities | Corporate debt securities |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Securities, at fair value |
|
3,182
|
|
|
| Fair Value, Measurements, Recurring | Level 3 | Securities | Corporate equity securities |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Securities, at fair value |
|
2,278
|
|
|
| Fair Value, Measurements, Recurring | Level 3 | Investments |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments, at fair value- |
|
|
|
1,124,606
|
| Fair Value, Measurements, Recurring | Level 3 | Investments | Agency RMBS |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments, at fair value- |
|
|
|
7,293
|
| Fair Value, Measurements, Recurring | Level 3 | Investments | Non-Agency RMBS |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments, at fair value- |
|
|
|
91,291
|
| Fair Value, Measurements, Recurring | Level 3 | Investments | CMBS |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments, at fair value- |
|
|
|
803
|
| Fair Value, Measurements, Recurring | Level 3 | Investments | CLOs |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments, at fair value- |
|
|
|
14,915
|
| Fair Value, Measurements, Recurring | Level 3 | Investments | Corporate debt securities |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments, at fair value- |
|
|
|
6,318
|
| Fair Value, Measurements, Recurring | Level 3 | Investments | Corporate equity securities |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments, at fair value- |
|
|
|
43,793
|
| Fair Value, Measurements, Recurring | Level 3 | Investments | Secured notes |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments, at fair value- |
|
|
|
10,917
|
| Fair Value, Measurements, Recurring | Level 3 | Investments | U.S. Treasury securities |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments, at fair value- |
|
|
|
0
|
| Fair Value, Measurements, Recurring | Level 3 | Investments | Residential mortgage loans |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments, at fair value- |
|
|
|
496,830
|
| Fair Value, Measurements, Recurring | Level 3 | Investments | Commercial mortgage loans |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments, at fair value- |
|
|
|
211,185
|
| Fair Value, Measurements, Recurring | Level 3 | Investments | Consumer loans and asset-backed securities backed by consumer loans |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments, at fair value- |
|
|
|
206,761
|
| Fair Value, Measurements, Recurring | Level 3 | Investments | Real estate owned |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments, at fair value- |
|
|
|
34,500
|
| Fair Value, Measurements, Recurring | Level 3 | Investments | Common stock |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Investments, at fair value- |
|
|
|
0
|
| Fair Value, Measurements, Recurring | Level 3 | Loans | Residential mortgage loans |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Loans, at fair value |
|
797,728
|
|
|
| Fair Value, Measurements, Recurring | Level 3 | Loans | Commercial mortgage loans |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Loans, at fair value |
|
260,626
|
|
|
| Fair Value, Measurements, Recurring | Level 3 | Loans | Consumer loans |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Loans, at fair value |
|
151,699
|
|
|
| Fair Value, Measurements, Recurring | Level 3 | Loans | Corporate loan [Member] |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Loans, at fair value |
|
15,790
|
|
|
| Fair Value, Measurements, Recurring | Level 3 | Financial Derivatives - Assets |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–assets, at fair value- |
|
|
|
1,472
|
| Fair Value, Measurements, Recurring | Level 3 | Financial Derivatives - Assets | Credit default swaps on asset-backed securities |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–assets, at fair value- |
|
1,078
|
|
1,472
|
| Fair Value, Measurements, Recurring | Level 3 | Financial Derivatives - Assets | Credit default swaps on corporate bond indices |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–assets, at fair value- |
|
0
|
|
0
|
| Fair Value, Measurements, Recurring | Level 3 | Financial Derivatives - Assets | Credit default swaps on corporate bonds |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–assets, at fair value- |
|
0
|
|
0
|
| Fair Value, Measurements, Recurring | Level 3 | Financial Derivatives - Assets | Credit default swaps on asset-backed indices |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–assets, at fair value- |
|
0
|
|
0
|
| Fair Value, Measurements, Recurring | Level 3 | Financial Derivatives - Assets | Interest rate swaps |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–assets, at fair value- |
|
0
|
|
0
|
| Fair Value, Measurements, Recurring | Level 3 | Financial Derivatives - Assets | TBA securities |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–assets, at fair value- |
|
0
|
|
|
| Fair Value, Measurements, Recurring | Level 3 | Financial Derivatives - Assets | Futures |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–assets, at fair value- |
|
0
|
|
|
| Fair Value, Measurements, Recurring | Level 3 | Financial Derivatives - Assets | Forwards |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–assets, at fair value- |
|
0
|
|
0
|
| Fair Value, Measurements, Recurring | Level 3 | Financial Derivatives - Assets | Total return swaps |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Financial derivatives–assets, at fair value- |
|
$ 235
|
|
0
|
| Fair Value, Measurements, Recurring | Level 3 | Repurchase Agreements |
|
|
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
|
|
|
| Repurchase agreements, at fair value |
|
|
|
$ 0
|
|
|