Michael Kao is founder and CEO of Akanthos Capital Management. After completing his undergraduate studies in engineering and computer science at the University of California, Berkeley, Kao went on to Wharton School to obtain his M.B.A. He was a commodity derivatives trader at Goldman Sachs from 1992 to 1995 and a portfolio manager at Canyon Capital Advisors from 1997 to 2002. Michael Kao founded Akanthos in 2002 and continues to manage the fund. Akanthos Capital Management focuses its long/short value strategy on factors that affect volatility, equity, and credit structures to determine investment quality and opportunity. The fund is especially keen on convertible arbitrage, capital-structure arbitrage, and event-driven strategies.
| Fund Name: | Akanthos Capital |
| Manager | Michael Kao |
| Portfolio Value | $36,011,000 |
| Change This QTR | +1.50% |
| No. | Security | Ticker | Shares | Value (x$1000) | Activity | % Port |
|---|---|---|---|---|---|---|
| 1.) | GM | 600,000 | $7,494 |  |
20.81% | |
| 2.) | AIG | 202,400 | $7,145 |  |
19.84% | |
| 3.) | GG | 137,400,000 | $5,043 | +191% |
14% | |
| 4.) | STP | 11,000,000 | $4,950 | -33% |
13.74% | |
| 5.) | Solarfun Power Holdings Co LtdBOND |
4,000,000 | $3,111 | -27% |
8.63% | |
| 6.) | MSFT | 100,000 | $2,671 | |
7.41% | |
| 7.) | ATI | 69,100,000 | $2,098 | -36% |
5.82% | |
| 8.) | CLWR | 620,000 | $1,792 | |
4.97% | |
| 9.) | SNY | 300,000 | $510 | -25% |
1.41% | |
| 10.) | GM | 150,000 | $446 | -100% |
1.23% |
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