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

<ul>
<li>In Japan, there is a type of offering called a <em>tachiaigai bunbai</em> offering which is used by companies to conduct small, relatively low-cost, offerings to increase liquidity or shareholder breadth.</li>
<li>These are conducted with a bit over a week of warning, and there are usually very low limits of shares purchasable per applicant.</li>
<li>There are certain dynamics surrounding such <em>tachiaigai bunbai</em> which are worth understanding. </li>
</ul>


In Japan, there is a type of offering called a tachiaigai bunbai offering which is used by companies to conduct small, relatively low-cost, offerings to increase liquidity or shareholder breadth.
These are conducted with a bit over a week of warning, and there are usually very low limits of shares purchasable per applicant.
There are certain dynamics surrounding such tachiaigai bunbai which are worth understanding. 


Deciphering the Dynamics of a Tachiaigai Bunbai Offering

Kadoya Sesame Mills

Deciphering the Dynamics of a Tachiaigai Bunbai Offering