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

Tokyo Kikai Seisakusho (6335) - Shareholders Approve Poison Pill

TOPIX Inclusion: Bull-Dog Sauce (2804) Is SUPER GREEN

Quiddity Advisors

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/mitsui-mining-smelting-co" target="_blank" data-smartkarma-citation="entities:15998:1" rel="noopener">Mitsui Mining &amp; Smelting Co (5706 JP)</a> on Friday announced a takeout of its TSE2-listed subsidiary <a href="https://www.smartkarma.com/entities/mesco-inc" target="_blank" data-smartkarma-citation="entities:16253:1" rel="noopener">Mesco Inc (1737 JP)</a>. Another cheap takeout of a cheap sub. But also inevitable. </li>
<li>Activist Effissimo has owned 10+% for 10yrs, &gt;10% in 2008, &gt;15% in 2011. It now owns 12.2% which is one-third of float. But it's not clear what they can do.</li>
<li>This should be a "done deal" as it needs only 9% of the non-parent held stock to be tendered, and most of that comes from cross-holders and directors. </li>
</ul>



Mitsui Mining &amp; Smelting Co (5706 JP) on Friday announced a takeout of its TSE2-listed subsidiary Mesco Inc (1737 JP). Another cheap takeout of a cheap sub. But also inevitable. 
Activist Effissimo has owned 10+% for 10yrs, &gt;10% in 2008, &gt;15% in 2011. It now owns 12.2% which is one-third of float. But it's not clear what they can do.
This should be a "done deal" as it needs only 9% of the non-parent held stock to be tendered, and most of that comes from cross-holders and directors. 


Mitsui Mining & Smelting TOB For Subsidiary MESCO (1737 JP)