Event-driven / Special Situations PM For informational purposes. Not investment advice/recommendation to buy/sell securities. Views are my own.
Joined June 2022
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absreturnchaser retweeted
Any pods above 1bn GMV in L/S equity and event-driven out of London? DM me for discussion.
Small miss for Alfa Financial #ALFA: Q3 revenue up only 3% yoy. sharp slowdown from Q3 2025, when revenue grew 12%. Wording on full-year guidance also softened. In July said on track to meet full-year expectations. Now revenue is expected to be “close to” expectations.
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absreturnchaser retweeted
3. There has been takeover interest before. EQT made a cash offer of 208p a share and Thomas H. Lee Partners entered discussions. Since then, business has grown top and bottom line materially. Valuation has almost halved since.
absreturnchaser retweeted
and are risky to replace, so customers rarely switch, which makes the revenue unusually sticky. The business is moving toward subscriptions, with recent subscription growth, new wins and new AI tools.
2. Balance sheet is strong: net cash and record of special divis.
absreturnchaser retweeted
The SaaSpocalypse has led to many takeovers. One potential target that is left: Alfa Financial Software #ALFA.
The core platform that banks, carmakers’ finance arms and other lenders use to run their auto and equipment finance contracts. Systems like this take years to implement
absreturnchaser retweeted
1. I run an event-driven book, which is holding up. I am very surprised how poorly (or not at all) some of the pod shops have been risk managed. @__paleologo et al are the risk mgt experts, but a platform should not be down 7% in a single month. That tells me risk wasn't managed.
absreturnchaser retweeted
Was told that more pod shops other than Walleye and Engineers Gate as well as single managers are impacted by this week's carnage. I have received dozens of DMs what has gone wrong.
Couple of points, all my opinion only:
Was told that more pod shops other than Walleye and Engineers Gate as well as single managers are impacted by this week's carnage. I have received dozens of DMs what has gone wrong.
Couple of points, all my opinion only:
6. A hedge fund's DNA and legacy: nowadays, every shop is multi-asset class, multi-strat, multi-manager. Stick to your trade. Don't expand into every asset class and strategy just to scale and replicate the tier 1 shops.
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I am sure @StevenACohen2, @BillAckman and others have their views on this.
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absreturnchaser retweeted
4. SPD Berlin state executive (Landesvorstand)
- Write to: SPD Berlin, Müllerstraße 163, 13353 Berlin.
- Demand: Commit in coalition agreement that before any socialisation law (1) the framework law has been reviewed by a constitutional court,
absreturnchaser retweeted
3. Letters to SPD and Green members of Berlin House of Representatives
- Find your constituency member at parlament-berlin.de.
- Arguments: tenants' back payments after rent cap ruling, money for new housing instead of compensation, debt brake puts schools & daycare at risk