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: June '25 Report

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

Grifols – Operational Recovery Reduces Urgency for a Takeover

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

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

Blood, Sweat, and Bids: Grifols Draws Renewed Interest from Brookfield

Event-Driven

<ul>
<li>Handelsbanken B shares trade at a ~55% premium to A shares despite lower voting rights, liquidity, and index status — a rare and statistically extreme dislocation.</li>
<li>Regression and post-2020 cointegration confirm mean-reverting behavior, supporting a relative value trade favoring SHB A over SHB B.</li>
<li>Structural constraints on arbitrage and asymmetric flow dynamics may delay convergence, but the pricing gap remains fundamentally unjustified and actionable.</li>
</ul>


Handelsbanken B shares trade at a ~55% premium to A shares despite lower voting rights, liquidity, and index status — a rare and statistically extreme dislocation.
Regression and post-2020 cointegration confirm mean-reverting behavior, supporting a relative value trade favoring SHB A over SHB B.
Structural constraints on arbitrage and asymmetric flow dynamics may delay convergence, but the pricing gap remains fundamentally unjustified and actionable.


Svenska Handelsbanken: Arbitraging Brought to Book

Svenska Handelsbanken AB

Svenska Handelsbanken: Arbitraging Brought to Book