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

Nishimatsu Construction - Tender Completed, Overhang Commences

Nishimatsu Construction (1820) About to Do Its Last Buyback for a While, and You Can't Participate!

Sanshin Electronics (8150 JP) BIG Buyback Tender - Not Designed For You

Quiddity Advisors

Event-Driven

<ul>
<li>Hazama Ando spent a long time coming out of its doldrums. In February 2020, it started to improve. It started a buyback, scarfing up 22% of volume in 6 weeks.</li>
<li>Later in 2020, another, and in 2021, another still, now with the last one finished in a hurry, they announced another. They've bought back stock 17 months in a row.</li>
<li>It's not clear the master rules of the buyback, but historically they have been reasonably aggressive. I expect that continues.</li>
</ul>


Hazama Ando spent a long time coming out of its doldrums. In February 2020, it started to improve. It started a buyback, scarfing up 22% of volume in 6 weeks.
Later in 2020, another, and in 2021, another still, now with the last one finished in a hurry, they announced another. They've bought back stock 17 months in a row.
It's not clear the master rules of the buyback, but historically they have been reasonably aggressive. I expect that continues.


Hazama Ando (1719 JP) - Big Buyback Is Set & Forget