Akadia Capital CIO Michael Kao says fulcrum securities in stressed capital structures can post big price swings from small changes in company value, likening th

BWB News TV • 2026-08-22 13:52 UTC • By Billy Odell Tucker-Robinson

Akadia Capital CIO Michael Kao says fulcrum securities in stressed capital structures can post big price swings from small changes in company value, likening them to a lever at the pivot in his broader macro investing framework.

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