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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 Convertible Arbitrage Trade

"It started off as a convertible arbitrage trade. We had on some of the convertibles long before they went into financial distress," he says. "Our bet was that any recovery and asset value right here would disproportionately accrue to the fulcrum layer"

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