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

July TOPIX FFW Rebal - Bigger Than Expected

Gravity Works As WeWork Doesn't; Now Plan B

Rakuten’s Seiyu Sell off Will Boost Netsuper Business

Quiddity Advisors

Event-Driven

<ul>
<li>In the two weeks since the announcement, Large ADDs (&gt;2d ADV, &gt;$5mm) have outperformed Large DELs by 1.3%. Smaller ADDs vs DELs (&gt;2d, &gt;$2&lt;$5mm) have outperformed by 1.3%.</li>
<li>Using only &gt;$20mm &gt;2d DELs vs Top 5 $amt &gt;2d ADDs, that's a bit better than 1%. And the really obvious large ones? Not so obvious.</li>
<li>There is still a large reverse funding trade, with some large sells. </li>
</ul>


In the two weeks since the announcement, Large ADDs (&gt;2d ADV, &gt;$5mm) have outperformed Large DELs by 1.3%. Smaller ADDs vs DELs (&gt;2d, &gt;$2&lt;$5mm) have outperformed by 1.3%.
Using only &gt;$20mm &gt;2d DELs vs Top 5 $amt &gt;2d ADDs, that's a bit better than 1%. And the really obvious large ones? Not so obvious.
There is still a large reverse funding trade, with some large sells. 


July TOPIX FFW Rebal - Update With 2 Days To Go on $3bn a Side