Closing Out a Number of Trades

17 Apr, 2018

 

We are closing out the following trade ideas:

1. LONG Korn Ferry International  $ KFY – initiated on 2 Oct, 2017 as part of our manpower and staff services theme, the idea, as of yesterday’s closing, generated a total return of 33.7% versus total returns of 7.0% and 6.3% for the S&P 500 and MSCI All-Cap World Indices, respectively.

2. LONG Robert Half International  $ RHI – initiated on 2 Oct, 2017 as part of our manpower and staff services theme, the idea, as of yesterday’s closing, generated a total return of 16.9% versus total returns of 7.0% and 6.3% for the S&P 500 and MSCI All-Cap World Indices, respectively.

3. SHORT  CBS Corportation – initiated on 2 Nov, 2017 as part of our volatility mean reversion theme, the stock declined, from inception till yesterday’s close, by 10.5%  versus total returns of 4.1% and 3.5% for the S&P 500 and MSCI All-Cap World Indices, respectively.

4. LONG Bristol-Myers Squibb  $MNY – initiated on 20 Sep, 2017 as part of our biotechnology and pharmaceuticals theme, the stock had a total return, om inception till yesterday’s close, of -15.0% versus total returns of 5.0% and 4.4% for the S&P 500 and MSCI All-Cap World Indices, respectively.

 

Trade Ideas should not be considered as investment advice or a recommendation to purchase any particular security, strategy or investment product. References to specific securities and issuers are not intended to be, and should not be interpreted as, recommendations to purchase or sell such securities. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed.