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

Fuji Soft (9749 JP) - KKR Does Deal With the Family To Squeeze Out Minorities - You Can Join Too

Fuji Soft (9749 JP) - The Fine Print Is Worth Reading

Fuji Soft (9749): KKR To Launch at ¥9,451, Fuji Soft REJECTS Bain's Bid - Governance in Shambles

Fuji Soft (9749 JP) - Bain Bumps UnBigly, and FSI Responds

Bain Waiting Patiently for Fuji Soft (9749) To Make Up Its Mind

Quiddity Advisors

Event-Driven

<ul>
<li>In Dec 2024, Bain announced it would overbid KKR's bid without requiring Fuji Soft's approval, backed by the founding family. In early Jan 2025, we got an anticipated start date.</li>
<li>That anticipated start date is upon us. KKR's deal to close 7 Feb is now bumped to ¥9,800 and extended 7 days, suggesting Bain's bid beacons.</li>
<li>I think they'll have to go to ¥10,000 and from here there may not be much upside. I'd rather stay away.</li>
</ul>


In Dec 2024, Bain announced it would overbid KKR's bid without requiring Fuji Soft's approval, backed by the founding family. In early Jan 2025, we got an anticipated start date.
That anticipated start date is upon us. KKR's deal to close 7 Feb is now bumped to ¥9,800 and extended 7 days, suggesting Bain's bid beacons.
I think they'll have to go to ¥10,000 and from here there may not be much upside. I'd rather stay away.


Fuji Soft (9749) - KKR Bumps Bigly In Bain Boyg; Buyers Bully a Bagarre

Fuji Soft Inc

Fuji Soft (9749) - KKR Bumps Bigly In Bain Boyg; Buyers Bully a Bagarre