Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

HK Type 4 license through Ballingal Investment Advisors Ltd. ("BIA" or "BIAL")

BACKGROUND
I have 20+yrs experience in Asia doing alternative strategies (i.e. non-delta1 non long-only) in fixed income, equity derivatives, and activist/catalyst/event-driven and long-short equity strategies with most of that time spent managing money. 

4 years in fixed income macro, 8 years running internal hedge fund and 4yrs investment banking at Citi in Japan, 3 years running an Asia multi-strat portfolio at a hedge fund, 4+yrs as an independent special situations analyst.

Pan-Asia Catalysts/Events

A/H Premium Tracker (To 9 Aug 2024): Global Market Vol. SB Bought. NB Sold. Premia Down.

Stella International: A Beneficiary of Reshoring

HK Connect SOUTHBOUND Flows (To 9 Aug 2024); Tencent the Big Buy Again

Quiddity Advisors

Event-Driven

<ul>
<li>Miserable economic data, minimal other data. It was a VERY quiet week in terms of gross volumes as per the <a href="https://www.smartkarma.com/insights/hk-connect-southbound-flows-to-16-aug-2024-big-net-buying-on-tiny-overall-volume-etfs-big" target="_blank" rel="noopener">SOUTHBOUND</a> and <a href="https://www.smartkarma.com/insights/mainland-connect-northbound-flows-to-16-aug-2024-banks-bought-industry-materials-sold" target="_blank" rel="noopener">NORTHBOUND</a> monitors.</li>
<li>SOUTHBOUND net buyer for 28th week in a row. ETFs and Tencent strong (14 of 15 days net bought). NORTHBOUND outflows small. Record foreign capital flight extends.</li>
<li>As expected (with AH 20d Premia returns at multi-year highs 2wks ago), AH Premia fell slightly, narrow premia falling more than wide premia. I continue to expect more H-vs-A gains.</li>
</ul>


Miserable economic data, minimal other data. It was a VERY quiet week in terms of gross volumes as per the SOUTHBOUND and NORTHBOUND monitors.
SOUTHBOUND net buyer for 28th week in a row. ETFs and Tencent strong (14 of 15 days net bought). NORTHBOUND outflows small. Record foreign capital flight extends.
As expected (with AH 20d Premia returns at multi-year highs 2wks ago), AH Premia fell slightly, narrow premia falling more than wide premia. I continue to expect more H-vs-A gains.


A/H Premium Tracker (To 16 Aug 2024): SB/NB Volumes WAAAAAY Down; AH Premia Down Small

Great Wall Motor

A/H Premium Tracker (To 16 Aug 2024): SB/NB Volumes WAAAAAY Down; AH Premia Down Small