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) - Here Comes The Bumpitrage

Sakai Ovex MBO - Wrong Price (And the Bidder Knows It)

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

Quiddity Advisors

Event-Driven

<ul>
<li>Today after the close, <a href="https://www.smartkarma.com/entities/ihara-science-corp" target="_blank" data-smartkarma-citation="entities:9870:1" rel="noopener">Ihara Science (5999 JP)</a> reported on TDNet a forthcoming change in the Tender Offer Registration Statement by MBO bidder N.I.M.</li>
<li>N.I.M. and normally-known-as-deep-value-activist NAVF (a.k.a. Nippon Active Value Fund), Ihara Science's #2 shareholder, signed a Tender Offer Agreement whereby NAVF agreed to tender. </li>
<li>It got a little more complicated 90mins later, but this was an announcement which did not need to be made. It begs the question of why. And what next.</li>
</ul>


Today after the close, Ihara Science (5999 JP) reported on TDNet a forthcoming change in the Tender Offer Registration Statement by MBO bidder N.I.M.
N.I.M. and normally-known-as-deep-value-activist NAVF (a.k.a. Nippon Active Value Fund), Ihara Science's #2 shareholder, signed a Tender Offer Agreement whereby NAVF agreed to tender. 
It got a little more complicated 90mins later, but this was an announcement which did not need to be made. It begs the question of why. And what next.


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