Pair trade EGI/ TRQ hedging for accumulation?has anybody bothered checking the price of the ratio EGI / TRQ especially since 4/2015 when OT II got some legs? Based on similar experiences, that sounds like somebody has been since 1/2015 accumulating EGI shares and macro hedging selling short TRQ shares ... and pulling brutally on the breaks when situation getting out of control! Based on US$ EGI and sucking 25% of turnover that would pile up to 4% of the company (6,000,000) macro hedged by 230,000 TRQ which is easy to unwind. And of course the average trend of this relative trade is UP supporting evidence of EGI's float shrinking... Of course, once somebody makes a takeover offer on EGI, that can be a time saver! :) Any HF going for this "pair trade" ? :)