Tom McKay

John Corr, Chief Investment Officer at Aurora Funds, speaks exclusively to Livewire in regards to event-specific trades. Corr says the Graincorp (ASX:GNC) deal is currently at the forefront of corporate takeover activity and believes the transaction is likely to come off. Nonetheless, he warns investors that there will be political noise surrounding the deal that may affect its short-term pricing. Corr also discusses the competitive bidding for The Trust Company (ASX:TRU) assets, highlighting how the continued growth of super will see many similar financial sector assets come into play. Another favourable stock in which Aurora Funds maintains a position is Wesfarmers' partially protected WESN shares. Corr says the market has largely mispriced the optionality of this instrument and that, with a small amount of hedging, the instrument can generate favourable returns under almost any circumstance.


Please sign in to comment on this wire.