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: February '26 Report

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

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

Liquid Universe of European Ordinary and Preferred Shares: December'25 Report

2025 in Review: Liquid Universe of European Ordinary and Preferred Shares

Svenska Handelsbanken: Arbitraging Brought to Book

Liquid Universe of European Ordinary and Preferred Shares: November'25 Report

Event-Driven

<ul>
<li>January saw post year-end normalisation, with selective convergence resuming while the median voting premium remained stable, confirming no systemic repricing of control across Europe’s dual-class universe.</li>
<li>Liquidity and structure drove outcomes, with convergence working in scalable, index-exposed pairs, while a small number of structurally constrained names continued to dominate dispersion.</li>
<li>Opportunities remain selective into 2026, favouring liquidity-driven convergence and balance-sheet normalisation, while extreme Nordic dislocations persist as high-dispersion, structurally constrained trades.</li>
</ul>


January saw post year-end normalisation, with selective convergence resuming while the median voting premium remained stable, confirming no systemic repricing of control across Europe’s dual-class universe.
Liquidity and structure drove outcomes, with convergence working in scalable, index-exposed pairs, while a small number of structurally constrained names continued to dominate dispersion.
Opportunities remain selective into 2026, favouring liquidity-driven convergence and balance-sheet normalisation, while extreme Nordic dislocations persist as high-dispersion, structurally constrained trades.


Danieli & C. Officine Meccaniche (DAN IM)

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: January '26 Report

Svenska Handelsbanken AB

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