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

New Year New NISA Accounts - It's BIG, But Not so Big

Quiddity Advisors

Event-Driven

<ul>
<li>On Friday after the close, <a href="https://www.smartkarma.com/entities/inabata-co-ltd" target="_blank" data-smartkarma-citation="entities:5558:1" rel="noopener">Inabata &amp; Co (8098 JP)</a> announced <a href="https://www.smartkarma.com/entities/sumitomo-chemical-co-ltd" target="_blank" data-smartkarma-citation="entities:20269:1" rel="noopener">Sumitomo Chemical (4005 JP)</a> would sell down a large stake in a ~$200mm secondary equity offering. </li>
<li>Mizuho Bank's Retirement Benefit Trust account sells down too. Sumitomo Chem will keep 10+% and other crossholders remain. </li>
<li>This is "big" at 80 days of ADV with limited early index demand, but a 10% fall would make this cheap enough to buy vs Peers.</li>
</ul>


On Friday after the close, Inabata &amp; Co (8098 JP) announced Sumitomo Chemical (4005 JP) would sell down a large stake in a ~$200mm secondary equity offering. 
Mizuho Bank's Retirement Benefit Trust account sells down too. Sumitomo Chem will keep 10+% and other crossholders remain. 
This is "big" at 80 days of ADV with limited early index demand, but a 10% fall would make this cheap enough to buy vs Peers.


Inabata & Co (8098) - LARGE Equity Secondary Offering by Sumitomo Chemical