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 1 Mar 2024):  Liquid AH Premia Still Wide

A/H Premium Tracker (To 8 Mar 2024):  Liquid AH Premia Still Wide

A/H Premium Tracker (To 15 Mar 2024):  Liquid AH Premia Starting to Narrow

A/H Premium Tracker (To 9 Feb 2024):  Liquid AH Premia Near Multi-Yr Wides, Narrow AH Premia Wider

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

Quiddity Advisors

Event-Driven

China International Capital Corporation / Event-Driven

China International Capital Corporation (3908 HK)

<ul>
<li>The New/Better A-H Premium Tracker has tables, charts, measures galore to track A/H premium positioning, southbound and northbound positioning/volatility in pairs over time, etc.</li>
<li>SOUTHBOUND and NORTHBOUND flows net positive. AH premia on average fell so Hs OUTperformed As by 2.1%. Liquid Hs saw their H outperform the A by 3.1% on average.</li>
<li>Last week was the sharpest one-week fall in AH premium in a very long time.  SOUTHBOUND Flows Monitor <a href="https://www.smartkarma.com/insights/hk-connect-southbound-flows-to-23-feb-2024-selling-of-consumer-stocks-but-big-buys-of-soes" target="_blank" rel="noopener">here</a>. NORTHBOUND Flows Monitor <a href="https://www.smartkarma.com/insights/mainland-connect-northbound-flows-to-23-feb-2024-foreigners-buy-natl-team-buys-retail-sells" target="_blank" rel="noopener">here</a>.</li>
</ul>


The New/Better A-H Premium Tracker has tables, charts, measures galore to track A/H premium positioning, southbound and northbound positioning/volatility in pairs over time, etc.
SOUTHBOUND and NORTHBOUND flows net positive. AH premia on average fell so Hs OUTperformed As by 2.1%. Liquid Hs saw their H outperform the A by 3.1% on average.
Last week was the sharpest one-week fall in AH premium in a very long time.  SOUTHBOUND Flows Monitor here. NORTHBOUND Flows Monitor here.


Cosco Shipping Energy Transportation Co. Ltd. (H) (1138 HK)

Cosco Shipping Energy Transportation Co. Ltd. (H)

Hisense Home Appliances Group Co., Ltd. H (921 HK)

Hisense Home Appliances Group Co., Ltd. H

A/H Premium Tracker (To 23 Feb 2024):  Liquid AH Premia See Sharpest Fall in a LOONG (He-He) Time