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 href="https://www.smartkarma.com/entities/2453" target="_blank" data-smartkarma-citation="entities:2453:1">Geo Holdings Corp (2681 JP)</a>this week announced a large own-share buyback via tender offer conducted at ¥1,562/share, below the then-current price of ¥1,679. The buyback is up to 4.36mm shares, but it is designed to take out Fujita Shoten, who is the number two shareholder with 3.96mm shares (8.19%).  Geo Holdings is the subject of some large short positions, with two declared shortsellers totalling 7.11% of the shares out, and a much larger portion of the float. Officially, float is about 30mm…

Geo Holdings Corp (2681 JP)this week announced a large own-share buyback via tender offer conducted at ¥1,562/share, below the then-current price of ¥1,679.  The buyback is up to 4.36mm shares, but it is designed to take out Fujita Shoten, who is the number two shareholder with 3.96mm shares (8.19%).   Geo Holdings is the subject of some large short positions, with two declared shortsellers totalling 7.11% of the shares out, and a much larger portion of the float. Officially, float is about 30mm…

Geo Holdings (2681 JP) Tender Buyback & Squeeziness