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

Thoughts on Amazon –What Does Its Valuation Tells Us?

Netflix & Amazon Expand in Korea – Not a Coincidence

Okja: The Fight Between Netflix Vs. CJ CGV

Quiddity Advisors

Event-Driven

TSE Tokyo Price Index TOPIX / Event-Driven

<ul>
<li>The GPIF reported its <a href="https://www.gpif.go.jp/operation/21434948gpif/2021_4Q_0701_jp.pdf" target="_blank" rel="noopener">annual investment results</a> for the FY to March 2022 last Friday. The investment report makes for interesting reading.</li>
<li>The GPIF made 5.42% but alpha was negative 6bp vs time-weighted and money-weighted benchmarks.</li>
<li>The re-allocations amongst asset classes now means more money tracks TOPIX, and it means active managers have their work cut out for them going forward.</li>
</ul>


The GPIF reported its annual investment results for the FY to March 2022 last Friday. The investment report makes for interesting reading.
The GPIF made 5.42% but alpha was negative 6bp vs time-weighted and money-weighted benchmarks.
The re-allocations amongst asset classes now means more money tracks TOPIX, and it means active managers have their work cut out for them going forward.


TSE Tokyo Price Index TOPIX

JAPAN PASSIVE - The GPIF in FY2021