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

Quiddity Advisors

Event-Driven

A small note about the buyback. There is more here than meets the eye.Today, <a href="https://www.smartkarma.com/entities/6091" target="_blank" data-smartkarma-citation="entities:6091:1">Astellas Pharma Inc (4503 JP)</a><a href="https://www.astellas.com/en/corporate/news/pdf/en_fin_180131_2.pdf" target="_blank">announced</a> a buyback program to repurchase up to 42 million shares for up to 60 billion yen between February 1st and March 23rd 2018. It is not that big at "only" 2.08% of shares outstanding, but it is worth noting.Often, when a Japanese company announces a buyback, it will include in the announcement whether or not it plans on buying the shares on-market, or will also conduct ToSTNeT-3…

A small note about the buyback. There is more here than meets the eye.Today, Astellas Pharma Inc (4503 JP)announced a buyback program to repurchase up to 42 million shares for up to 60 billion yen between February 1st and March 23rd 2018. It is not that big at "only" 2.08% of shares outstanding, but it is worth noting.Often, when a Japanese company announces a buyback, it will include in the announcement whether or not it plans on buying the shares on-market, or will also conduct ToSTNeT-3…

Astellas (4503 JP) Buyback - How It Stacks Up Against Past Buybacks