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

Katakura Tender Offer Bump Now Looks Off. It Is Take-The-Loss or Hold-On-For-Later

Activist Target Katakura (3001 JP) Announces BIG Buyback

Activist Target Katakura Industries (3001) Subject to an MBO Takeout

Aslead Capital Hostile Offer for Fuji Kosan (5009)

Wakita Rejects StraCap's Shareholder Proposals

Quiddity Advisors

Event-Driven

<ul>
<li>The <a href="https://www.smartkarma.com/entities/katakura-industries-co-ltd" target="_blank" data-smartkarma-citation="entities:2007:1" rel="noopener">Katakura Industries (3001 JP)</a> MBO has been in danger since Day 1 as the shares have yet to trade below terms. It was cheap, but it was an exit.</li>
<li>The activist-ish investor who agreed to tender their shares into the MBO left themselves an out if another investor came over the top. One did. </li>
<li>The investor who came over the top has a brief history as "activist" on cash- and asset-rich smallcaps. We don't know yet where this will go.</li>
</ul>


The Katakura Industries (3001 JP) MBO has been in danger since Day 1 as the shares have yet to trade below terms. It was cheap, but it was an exit.
The activist-ish investor who agreed to tender their shares into the MBO left themselves an out if another investor came over the top. One did. 
The investor who came over the top has a brief history as "activist" on cash- and asset-rich smallcaps. We don't know yet where this will go.


Katakura (3001) Tender In Danger As New Player Displaces Activist Who Agreed To Tender