Exited positions

Value stock positions

TickerPurchase Date(1)EntrySell DateDividendExitRatingReturn
AWDR.OLMay 15, 201390.00Mar 24, 201775.1331.80**18.9%
5965.JPAug 8, 2014863Mar 24, 2017401688**100.2%
PVCS.LMar 3, 201328.83(5)Mar 24, 201718.8521.00***110.4%
BUR.PAMar 20, 2013346.83Mar 6, 201728.901136.38**236.0%
CKI.TODec 29, 20159.81Jun 10, 20160.1010.95**12.6%
CKI.TODec 2, 201410.00Jun 23, 20150.2012.05**22.5%
CLP.LMar 10, 20142.00Apr 13, 20151.30**-35.0%
EHL.AXNov 19, 20130.245May 20, 20140.250**2.0%
MGX.DENov 1, 20132.813May 26, 20143.077**9.4%
L1D.SISep 16, 20130.148Sep 26, 20130.147***-0.7%
AKPS.OLApr 8, 201326.50May 8, 201335.90***35.5%
ALJJFeb 12, 20130.732Jun 7, 20130.84**14.8%
UTSIFeb 11, 20132.90(3)Sep 11, 20143.51**20.9%
TLI.LNov 21, 201242.50Nov 8, 201341.50*****-2.4%
AIGSep 10, 201233.26Aug 7, 20150.9563.12**92.6%
RELLA.COJuly 19, 201232.20Mar 27, 201574.50**131.4%
ORGN.PKMay 10, 20121.45Aug 28, 20120.381.45***26.1%
CNRD.PKMar 29, 201216.50Jul 31, 20155.5029.93****114.7%
SODI.OBMar 26, 20123.09June 23, 20140.054.16**36.2%
SALMFeb 21, 20122.65Apr 3, 20130.198.71**235.8%
IAM.TOJan 24, 20120.59Jan 11, 20130.050.52***-3.4%
URB-A.TONov 28, 20110.99Oct 25, 20120.90**-9.1%
0684.HKNov 16, 20112.21Jul 5, 20130.1752.42***17.5%
ASFINov 7, 20118.33Jun 10, 20140.168.53****4.3%

Italian REIFs

TickerPurchase Date(1)entrySell DatedividendExitReturn
QFEI1.MIMar 2, 2015720.00Mar 27, 2017450.00948.594.2%

Short positions

TickerShort Date(1)entrycover DatedividendExitReturn
AIRTDec 19, 201426.31Feb 4, 201519.9524.2%
GSATOct 6, 20142.79Oct 17, 20142.0426.7%
AIBYYMay 5, 20141.57May 6, 20141.457.6%
TXTRDec 26, 201333.20Jan 6, 201430.797.3%
VEEVDec 3, 201341.71Dec 3, 201430.8526.0%
STP Mini ShortJan 7, 20131.72May 16, 20142.6956.4%
VVUSJul 19, 201226.24Nov 6, 201213.1150.0%

Special situations: liquidations

TickerPurchase Date(1)entrySell DatedividendExitReturn
ORGNFeb 17, 20151.64Feb 19, 20151.703.4%
ACMEOct 9, 20120.95Dec 24, 20120.930.1614.7%

Special situations: capital structure arbitrage

TickerPurchase Date(1)entry SpreadSell DatedividendExit SPREADReturn
PRIS/PRIS-BJan 2, 2013-0.02May 16, 20140.17151.094115.5%

Special situations: merger arb

TickerPurchase Date(1)entrySell DatedividendExitReturn
FBCPNov 18, 201621.35Jan 12, 201722.847.0%
AFCONov 16, 20167.45Jan 3, 20170.06257.988.0%
FDVFSep 20, 20160.5572Nov 8 , 20160.58605.2%
KAHLJun 6, 2016139.07Jul 20, 2016159.8214.9%
NSPHMay 18, 20161.31May 27, 20161.7130.5%
CTCMFeb 23, 20161.85May 19, 20162.0510.8%
MEAFR.ASOct 22, 20155.88Nov 20, 20156.124.1%
WXAug 28, 201543.04Dec 10, 2015 –45.956.8%
ROIQWJul 27, 20150.41Nov 4, 20150.00-100%
NOF.OLJul 2, 20157.20Aug 12, 20157.595.4%
PHST.LJun 9, 20155.34Jun 25, 20155.503.0%
MCGCApr 30, 20154.43Aug 14, 20154.481.1%
PZG/CDE(7)Mar 18, 20150.00Apr 21, 20150.098.1%
ATLS/TRGP(6)Dec 10, 201410.40Dec 17, 201410.781.4%
ITSIJan 9, 20141.15Feb 4, 20141.3013.0%
WHJan 2, 20142.66Jun 12, 20141.02-61.7%
WHAug 16, 20132.51Dec 31, 20132.749.2%
CHGYMar 21, 20130.1304Nov 11, 20130.147.4%
WHFeb 21, 20132.83Mar 3, 20133.057.8%
SHPJan 2, 20138.57Jan 11, 20138.721.8%
ALJJNov 20, 20120.75Feb 15, 2013(2)0.8310.9%
NKBPOct 15, 20125.30Jan 10, 20135.738.1%
CMMCY.PKSep 17, 20124.76Nov 11, 20124.954.0%
FBK.TOApr 19, 20120.96May 3, 20120.92-4.2%
VRUS 135CDec 8, 20111.65Jan 11, 20122.0021.2%

1. Date of first purchase/sale
2. Not completely sold, transferred remaining position to long term value stock category
3. Adjusted for 1-for-3 reverse split
4. Stock price in NOK, dividend in USD
5. Adjusted for 5-for-13 reverse split
6. Measured as a spread between ATLS and 0.1809 * TRGP, return measured based on value ATLS leg
7. Measured as spread between PZG and 0.2016 * CDE, return measured based on value PZG leg

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