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

Ito-En Prefs (25935 JP):  A New Buyback Much Like the Last Few

Itoen Pref (25935 JP) - Bigger Discount, Ongoing Governance Disappointment

Itoen Pref (25935 JP) - Big Discount, Ongoing Governance Disappointment

Quiddity Advisors

Event-Driven

Ito En Ltd Preferred Shares / Event-Driven

<ul>
<li>This is always a tough subject, but every now and then I throw myself on the mercy of the ho-humming crowd and write about the Ito En Prefs (25935 JP).</li>
<li>No <em>strong</em> catalyst. Limited capacity for strongly better governance. Even less apparent corporate interest in good governance. </li>
<li>But we have a mini-catalyst, and it has been a while, and I think there IS a good way to think about this stock, so here's another crack at it.</li>
</ul>


This is always a tough subject, but every now and then I throw myself on the mercy of the ho-humming crowd and write about the Ito En Prefs (25935 JP).
No strong catalyst. Limited capacity for strongly better governance. Even less apparent corporate interest in good governance. 
But we have a mini-catalyst, and it has been a while, and I think there IS a good way to think about this stock, so here's another crack at it.


Itoen Pref (25935 JP) - Big Discount, Big Buyback, No Big Governance Change