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Value After Hours 05 18: Michael Kao, Urban Kaoboy; Alpha with Asymmetry; Capital Structure Arb

The Acquirers Podcast

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The Short Gamma Aspect of Event Arbitrage

The bond that's about to mature is has the farthest to fall, right? The tenor of a bond is irrelevant in bankruptcy. And so that informs our trade formulation. So what I did here was I wound up instead of going long that convertible that my analysts recommended to be long, I wound up shorting and I shorted it against that long piece of debt"

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