Mike has been in the investment business for over 25 years and has experience analyzing and investing in many markets and asset classes, spanning commodities to credit to convertible/capital structure/event arbitrage to distressed debt/equity investing. Mike stopped accepting investor capital in December, 2018 and now invests primarily for his family office and enjoys blogging about the markets and economy.
Mike began his career in the commodities unit at J. Aron/Goldman Sachs in NYC (1992-1995) and traded over 25 different commodity markets and their derivatives. Mike left Goldman to pursue an MBA in Finance at The Wharton School. After business school, Mike joined Canyon Partners, a credit-oriented hedge fund in Los Angeles, where he went on to become partner and co-founder of the Canyon Arbitrage Fund, which focused on various strategies including convertible and capital structure arbitrage as well as event-driven/risk arbitrage.
In 2002, Mike decided to leave Canyon and begin his own investment firm, Akanthos Capital Management, LLC. At Akanthos, Mike ran an opportunistic, value-driven investment strategy that looked for “fulcrum securities” up and down the capital structure. After nearly 17 years, Mike closed his fund to outside investors at the end of 2018 and now invests primarily for his family office. In addition, Mike enjoys blogging about the financial markets and the state of the economy and recently started a blog entitled "Kaoboy Musings."
Mike holds a BS in Electrical Engineering/Computer Science from UC, Berkeley (1992) and an MBA in Finance from The Wharton School of the University of Pennsylvania (1997).