YouSaid · the spoken record

Michael Kao

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103

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2022-06-06

most recent

2022-06-06

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1

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podcast

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1. “Was a credit-oriented fund that specialized in primarily high yield and bank loans. And so my background, since it was more of like a trading and options background, I wasn't quite sure where I was going to fit in. Within the first, I don't know, six months or so digging into the micro fundamentals of credit analysis, I honed in on the convertible asset class because I felt that it was a very misunderstood asset class wedged in between the interests of equity holders and the interests of credit holders. And also you had to understand optionality, right? So I basically created a business within a business there, created this convertible ARB structure ARB type of business.”

   2022-06-06 · Forward Guidance · Inflation Is Popping The Biggest Asset Bubble Of All Time | Michael Kao · IDENTIFIED FROM THE TRANSCRIPT

2. “So, I guess I started my career in the world of macro, and then I decided that because my undergraduate background was in electrical engineering, computer science, I never had a finance background, I felt that there must be more to the world of finance than commodities. So I wanted to go back and get a formal training in finance. And so I went to business school, graduated in 97 and joined a hedge fund called Canyon Capital, Canyon Partners in Beverly Hills at the time. They've now relocated to Dallas, but Canyon was started by two former Drexel guys in the credit area, Josh Friedman and Mitch Julis. Canyon at the time”

   2022-06-06 · Forward Guidance · Inflation Is Popping The Biggest Asset Bubble Of All Time | Michael Kao · IDENTIFIED FROM THE TRANSCRIPT

3. “Sure. Yeah, thank you for the intro. So I guess I started my career at Goldman Sachs in the J. Aaron currencies and commodities group. So, you know, I traded the GSCI, the Goldman Sachs Commodity Index when it was a very, very nascent product. This was in the early 90s. And so because it was a nascent product for us to make markets in, the way we had to really add value was to be familiar at least, have a working familiarity with all of the underlying 22 different commodities and always have a proprietary view. Much of that view was technical trading views, but informed by macro fundamentals, right?”

   2022-06-06 · Forward Guidance · Inflation Is Popping The Biggest Asset Bubble Of All Time | Michael Kao · IDENTIFIED FROM THE TRANSCRIPT