... remember investment managers commonly work under a tightly...

... remember investment managers commonly work under a tightly framed trust-deed, and have to show a tidy profit to differentiate themselves from their commonly over-fee charging competitors. If they can find short-term profits elsewhere, or have already a large gain from a much earlier buy in NDO, they will be likely to trade-out, or they are active in churning/day-trading NDO given the currently turbulent conditions, or ... (i.e., many possibilities here).

Shafted is a matter of perspective; loose wording though.