Contrarian Corpus
Spruce Point Capital vs. Aegon Ltd.

Aegon Ltd. · AEG

1 deck published between 2024-12-16 and 2024-12-16 — 82 pages, 82 analysed slides total.

initial thesis

Timeline

Each deck in chronological order — click to open. This is the story of the campaign as it unfolded.

  1. 2024-12-16 initial thesis

    2024 12 67601b5bd20cda27210105e1_aeg_research_thesis_12 16 2024

    82pp · full_deck

    Aegon's distribution engine WFG is an aggressive MLM run amok with IUL churn, ex-WFG competitor GFI poaching top producers, and sum-of-parts pointing to 25-50% downside.