FS KKR Capital: NAV Discount Reflects Hidden Portfolio Risks (NYSE:FSK)

Core Insights - FS KKR Capital Corp (FSK) has experienced a 33% decline year-to-date, dropping from $21.72 to $14.51, which has attracted attention from investors due to its high forward yield of approximately 20% and significant discount to net asset value (NAV) [1] Investment Focus - The company is involved in thematic investing, crisis investing, and systematic options trading, utilizing both premium selling and long-volatility positions, alongside discretionary global macro strategies [1] - The analyst has extensive experience in private mergers and acquisitions (M&A) as well as in trading publicly-traded equities and equity-based derivatives [1]