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>
<a href="https://www.smartkarma.com/entities/heiwa-corp" target="_blank" data-smartkarma-citation="entities:2528:1" rel="noopener">Heiwa Corp (6412 JP)</a> got 99% of its revenue as a pachinko/pachislot machinery maker. In 2011, it bought one of Japan's largest golf course operators, PGM Holdings, from Lone Star. </li>
<li>Golf course revenue is up 30% in 10yrs. Pachinko/Pachislot revenue is down by 60+% in the same period. Golf is the bulk of revenue and OP now.</li>
<li>Today, the company announced a stunning, even monumental acquisition to become the largest golf course operator in the world. </li>
</ul>



Heiwa Corp (6412 JP) got 99% of its revenue as a pachinko/pachislot machinery maker. In 2011, it bought one of Japan's largest golf course operators, PGM Holdings, from Lone Star. 
Golf course revenue is up 30% in 10yrs. Pachinko/Pachislot revenue is down by 60+% in the same period. Golf is the bulk of revenue and OP now.
Today, the company announced a stunning, even monumental acquisition to become the largest golf course operator in the world. 


Heiwa (6412) Announces Game-Changing Acquisition, Gets Very Heavily Levered (Termed Debt)