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

Milton - WHSP Merger : Index Impact on WHSP

Milton-WHSP Merger Index Implications and the Marvelous Arb

Index Rebalance & ETF Flow Recap: KQ150, HSCI, ASX200, JCI, NTES, JD.com, WHSP/Milton, MSCI Pakistan

Quiddity Advisors

Event-Driven

<a href="https://www.smartkarma.com/profiles/david-blennerhassett" target="_blank" data-smartkarma-citation="accounts:840" rel="noopener">David Blennerhassett</a> covered the basics of the proposed merger between <a href="https://www.smartkarma.com/entities/milton-corp-ltd" target="_blank" data-smartkarma-citation="entities:29090:1" rel="noopener">Milton Corp Ltd (MLT AU)</a> and <a href="https://www.smartkarma.com/entities/washington-h-soul-pattinson-and-co-ltd" target="_blank" data-smartkarma-citation="entities:6054:1" rel="noopener">Washington H. Soul Pattinson and Co. (SOL AU)</a> as it was announced earlier this morning which would deliver Milton shareholders cash in the form of dividends, some franking credits, and then consideration in the form of WHSP shares. His insight is <a href="https://www.smartkarma.com/insights/whsp-s-proposed-merger-with-milton-corp" target="_blank" data-smartkarma-citation="insights:53422" rel="noopener">WHSP's Proposed Merger With Milton Corp</a>. Today Milton closed up 16.00% at A$5.80 and WHSP closed 0.83% higher at A$30.50/share.The basic concept is that two of the oldest listed investment companies in Australia would merge to form a A$11bn Listed Investment Company with a more diverse mandate. Some of the commentary surrounding the merger does not seem to make a lot of sense, but I expect allowances/excuses can be made. What IS interesting is the contents (and risks) of the Consideration proposed.It is much more interesting and much more complex than it first appears. It is as Fernando Lama might have said.... maahhvelous.

David Blennerhassett covered the basics of the proposed merger between Milton Corp Ltd (MLT AU) and Washington H. Soul Pattinson and Co. (SOL AU) as it was announced earlier this morning which would deliver Milton shareholders cash in the form of dividends, some franking credits, and then consideration in the form of WHSP shares. His insight is WHSP's Proposed Merger With Milton Corp. Today Milton closed up 16.00% at A$5.80 and WHSP closed 0.83% higher at A$30.50/share.The basic concept is that two of the oldest listed investment companies in Australia would merge to form a A$11bn Listed Investment Company with a more diverse mandate. Some of the commentary surrounding the merger does not seem to make a lot of sense, but I expect allowances/excuses can be made. What IS interesting is the contents (and risks) of the Consideration proposed.It is much more interesting and much more complex than it first appears. It is as Fernando Lama might have said.... maahhvelous. 

Washington H. Soul Pattinson and Co. Ltd (SOL AU)

Milton Corp Ltd

Milton Merger Is A Most Marvelous Arb