We Like the TOPIX-Nikkei Skew Trade Into End of Year Liquidity Drops
Given likely drops in liquidity but continued choppiness in markets we feel that liquidity risk will be important over the next 2-3 weeks. Given...
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Checking in on the Topix-Nikkei Skew Trade
Our TOPIX-Nikkei skew trade has a slight inherent short bias as Nikkei is more growth skewed but it has nevertheless generated a positive return...
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Revisiting the Topix-Nikkei Skew Trade
Early last year we suggested trading this skew which would have generated 10-12% pure alpha within four trading days. This trade is starting to...
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SMC – OP Beat Incoming but so Is the Downcycle
SMC's 2Q was a nice beat but cyclical patterns suggest a revenue downturn is incoming at a time when valuations are extremely stretched.
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MicroPort MedBot IPO Trading - Decent Demand But Upside Is Limited from the Top-End
Shanghai MicroPort MedBot Group (MM), a surgical robot company, raised around US$200m in its Hong Kong IPO. In this note we will talk about the...
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