European Event-Driven Analyst

Jesus Rodriguez Aguilar

Jesús is an Insight Provider (Event-driven) on the Smartkarma network, where he looks across sectors at opportunities arising from securities mispricing (both credit and equity), share classes, bid announcements, prospective bids, and special situations. He has served as Economic and Business Advisor at the Spanish Congress in Madrid. Prior to that, he has worked in the City of London: as a Credit Analyst at Bloomberg; Event-driven associate at former boutique European Research; and doubled as Special Situations and Equity-linked VP (convertible bonds) at Merrill Lynch. Jesús has an MBA from the London Business School, a BA (Hons.) degree in Economics from the Complutense University in Madrid, and a BA (Hons.) in Law from U.N.E.D., also in Madrid.

Liquid Universe of European Ordinary and Preferred Shares: May '26 Report

Liquid Universe of European Ordinary and Preferred Shares: June '26 Report

Liquid Universe of European Ordinary and Preferred Shares: July '26 Report

Svenska Handelsbanken: Arbitraging Brought to Book

Poste–TIM: A Done Deal in Pricing, Not Yet in Votes

Liquid Universe of European Ordinary and Preferred Shares: March '26 Report

Liquid Universe of European Ordinary and Preferred Shares: February '26 Report

Event-Driven

<ul>
<li>April saw dispersion re-expand, with median and mean widening modestly, confirming no systemic repricing of voting rights but renewed divergence across liquidity- and structure-driven dual-class pairs.</li>
<li>Convergence remained selective: Grifols, MFE and Sixt tightened, while Carlsberg, Fuchs and Handelsbanken re-widened, highlighting the episodic nature of ord/pref convergence.</li>
<li>Telecom Italia transitions towards corporate-action, while Nordic anomalies—particularly Handelsbanken—continue to dominate dispersion and constrain arbitrage.</li>
</ul>


April saw dispersion re-expand, with median and mean widening modestly, confirming no systemic repricing of voting rights but renewed divergence across liquidity- and structure-driven dual-class pairs.
Convergence remained selective: Grifols, MFE and Sixt tightened, while Carlsberg, Fuchs and Handelsbanken re-widened, highlighting the episodic nature of ord/pref convergence.
Telecom Italia transitions towards corporate-action, while Nordic anomalies—particularly Handelsbanken—continue to dominate dispersion and constrain arbitrage.


Telefonaktiebolaget Lm Ericsso (ERICB SS)

Bayerische Motoren Werke (BMW) (Pref) (BMW3 GR)

Telefonaktiebolaget LM Ericsso (ERICA SS)

Liquid Universe of European Ordinary and Preferred Shares: April '26 Report

Svenska Handelsbanken AB

Liquid Universe of European Ordinary and Preferred Shares: April '26 Report