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

Daiho Post-Div STILL Trading Too Rich For the Event Trade

Infroneer (5076 JP) Tender Offer for Toyo Construction (1890 JP) Could Get Funky

Tokyo Kikai Seisakusho (6335) - Shareholders Approve Poison Pill

Quiddity Advisors

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/daiho-corp" target="_blank" data-smartkarma-citation="entities:19647:1" rel="noopener">Daiho Corp (1822 JP)</a> has announced a deal which is not quite what it looks like. </li>
<li>And despite a buyback of more than 50% of shares outstanding, and an "accretive" sale to another party at a higher price, it is a governance disaster.</li>
<li>And existing shareholders have an out, but it is complicated. If you own the stock, or you look at risk arb, or activism, this may be worth a read.</li>
</ul>



Daiho Corp (1822 JP) has announced a deal which is not quite what it looks like. 
And despite a buyback of more than 50% of shares outstanding, and an "accretive" sale to another party at a higher price, it is a governance disaster.
And existing shareholders have an out, but it is complicated. If you own the stock, or you look at risk arb, or activism, this may be worth a read.


Daiho Corp (1822) A GIANT Transaction Which Is Not What It Looks Like. Smells Bad.