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Rajeev Seth
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Rajeev Seth is the Managing Director of BeatIndex, an investment management consulting firm. Specializing in quantitative investment management, he has consulted for many diversified asset managers, and startup hedge funds. The philosophy of BeatIndex is that one can indeed beat indexes, by a... More
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  • Our Paired Trade On PFG-LNC Has Converged More And Showing More Profit 0 comments
    Apr 9, 2013 5:00 PM | about stocks: PFG, LNC

    This is an update on the paired trade made on April 6, 2013. It was based on prices based on market close of April 5, 2013

    Sell short 200 shares of PFG (PRINCIPAL FINANCIAL GROUP)
    Buy 257 shares of LNC (LINCOLN NATIONAL CORP)

    The trade is now showing profit after 2 days,

    (click to enlarge)

    and as the picture below attests, the spread on this paired trade is continuing to converge very well. There is still time to capture profit by entering this trade if you have not already done so.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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