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Update: Addressing The Abrupt Resignation Of Annaly Capital's Chief Portfolio Officer

Annaly Capital (NYSE:NLY) just announced in a shocking (to me) release that one of the key managers at the company is stepping down. The position in question is that of the pivotal Chief Portfolio Officer, arguably the most important position in an actively-managed mortgage real estate investment trust. But what struck me most is the abruptness of this move. According to the release, the company has "accepted the resignation" of Rose-Marie Lyght, effective February 15, 2015. This is a key change for the company. Ms Lyght has been with the company for over 15 years, through all of the ups and downs of the mortgage cycles, the crash of 2008-2009, the interest rate mini-crisis of summer 2013 and more. She has been at the helm of an ever-evolving portfolio that now includes commercial assets. A successor was not named in the…