Comment / 'Brainless' pairs trade: long DSV, short Mærsk?

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Looking for a ’pairs trade’ – as defined here – is seldom heard in transport and logistics (T&L), from my recollection of equity research published in recent times.

But exogenous shocks can change that, making such an investment approach more reasonable.

And now, without going as far as talking extensively of how other pairs trade strategy works or the risk it carries – leading, for instance, to the demise of Long-Term Capital Management, When Genius failed, in the late 1990s – it ...