Long and Short Baskets + New Names

All,

The first material dislocations are emerging - now also on the long side. 

Over the last two weeks we have had trouble sending out our work on long and short baskets as the market has been moving radically from one day to the next, often with little liquidity.

In the pursuit of dislocated names we have begun analysing a string of names that have only recently dropped into distressed territory, or that we believe should have. Names on that list include (but are far from being limited to):

CMA

Dufry

e-Dreams

Europcar

Hertz

Hurtigruten

Jaguar Landrover

Maxeda

Samsonite

Tui

…

Please let us know if you are interested in any of these or would like to see other names. Or simply call to discuss.

Wolfgang