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

Ihara Science (5999 JP) - Not Over But Not a Great Look

Ihara Science (5999 JP) Sees the Chairman Launch an MBO. I Might Expect Excitement.

Quiddity Advisors

Event-Driven

<ul>
<li>In my first piece, <a href="https://www.smartkarma.com/insights/ihara-science-5999-jp-sees-the-chairman-launch-an-mbo-i-might-expect-excitement" target="_blank" data-smartkarma-citation="insights:95308" rel="noopener">Ihara Science (5999 JP) Sees the Chairman Launch an MBO. I Might Expect Excitement</a> I noted that the price was too low. I expected activist efforts.</li>
<li>The price did not trade below the Tender Offer Price after it opened for trading. That was a sign this wasn't going to go easy.</li>
<li>This morning I am made aware of a letter from one of the "active if not activist" shareholders saying the price is too low. Hint: It is.</li>
</ul>


In my first piece, Ihara Science (5999 JP) Sees the Chairman Launch an MBO. I Might Expect Excitement I noted that the price was too low. I expected activist efforts.
The price did not trade below the Tender Offer Price after it opened for trading. That was a sign this wasn't going to go easy.
This morning I am made aware of a letter from one of the "active if not activist" shareholders saying the price is too low. Hint: It is.


Ihara Science (5999 JP) - Here Comes The Bumpitrage