Question-and-Answer Session
Operator
(Operator instructions). One moment please for the first question. There are no questions at this time. Please continue with your presentation.
Richard Handler
Well, that was easy. Okay, as – operator, are you sure there are no questions?
Operator
Yes, sir. There are no questions on the phone lines at the moment.
Richard Handler
Are you sure the system is working?
Operator
Positive, sir.
Richard Handler
It can’t be right. I mean, I’m happy, but it can’t be right. Are you checking it, operator?
Operator
Yes, sir. There are no questions at the moment.
Richard Handler
How are questions to be registered?
Operator
By pressing one, four on the telephone keypad.
Richard Handler
We are going to check you right now to see if it’s working. Hold on one second. You’re on? We have someone internal here trying to ask a question by dialing one, four and they can’t get through your system, operator.
Operator
One moment please.
Brian Friedman
Operator, are you able to fix this, because it’s clear to us that we are getting notes from people who are looking to ask questions. We don’t want to foreclose that. Operator?
Operator
Yes, sir. I do see two questions registered at the moment.
Brian Friedman
Okay. Why don't you take the first one and then please work on your system because, again, we are getting notes about questions.
Operator
And the first question is coming from the line of Steve Stelmach with the affiliates in FBR Capital Markets. Please proceed with your question.
Steve Stelmach – FBR Capital Markets
Hi, guys.
Richard Handler
Hi.
Steve Stelmach – FBR Capital Markets
Aside from the Q&A, it’s a pretty good quarter. The – on the high yields or the fixed income, you mentioned you had some – it sounded like you need trading opportunities in the quarter. Can you just give us a little more color around that, maybe to the extent you can quantify the impact?
Richard Handler
Right. We are not going to be able to quantify specifically similar to what we’ve done in historical quarters when we feel like we’ve had exceptional opportunities, but what we will say is given the fact that third quarter is generally our seasonally slow quarter and second quarter was a rather solid quarter for us, if you exclude some of these items, we still had a very strong performance in the third quarter, probably exceeding the results in the second quarter. We just don't want people to start extrapolating and setting the bar unrealistically high. That being said, we think our platform is very well diversified and we have hopefully an increased number of opportunities going forward.
- To read the full transcript on Seeking Alpha, click here »
