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

Japan Asia Group (3751): Murakami Wins the Mother Of All Bumps +100%

Overbid: JAG Special Committee Plays Stupid so Murakami Plays Hardball

Japan Asia Group MBO Fails, Now JAG Against Murakami's Higher Bid

Japan Asia (3751 JP) Management Buyout: Should There Be a BUMP?

Quiddity Advisors

Event-Driven

Just over two months ago, <a href="https://www.smartkarma.com/profiles/janaghan-jeyakumar-cfa" target="_blank" data-smartkarma-citation="accounts:3173" rel="noopener">Janaghan Jeyakumar, CFA</a> wrote on the MBO of <a href="https://www.smartkarma.com/entities/japan-asia-group-ltd" target="_blank" data-smartkarma-citation="entities:12428:1" rel="noopener">Japan Asia Group (3751 JP)</a> launched at JPY 600/share, asking the question <a href="https://www.smartkarma.com/insights/japan-asia-3751-jp-management-buyout-should-there-be-a-bump" target="_blank" data-smartkarma-citation="insights:44928" rel="noopener">Japan Asia (3751 JP) Management Buyout: Should There Be a BUMP?</a> 
The leading question had an obvious answer. Yes. 
Renowned Japan activist Yoshiaki Murakami and the various entities from which he and his crew deploy capital thought the price too low, as soon became obvious. 
Last week, after accumulating near 20%, they announced their intention to conduct a competing Tender Offer at a 40% premium to Carlyle's, which was extended. 
There are still a few hurdles, but the price of the shares has long eclipsed the Carlyle bid. Now shares are trading above the indicative JPY 840/share bid. 
There are interesting things afoot here.

Just over two months ago, Janaghan Jeyakumar, CFA wrote on the MBO of Japan Asia Group (3751 JP) launched at JPY 600/share, asking the question Japan Asia (3751 JP) Management Buyout: Should There Be a BUMP? 
The leading question had an obvious answer. Yes. 
Renowned Japan activist Yoshiaki Murakami and the various entities from which he and his crew deploy capital thought the price too low, as soon became obvious. 
Last week, after accumulating near 20%, they announced their intention to conduct a competing Tender Offer at a 40% premium to Carlyle's, which was extended. 
There are still a few hurdles, but the price of the shares has long eclipsed the Carlyle bid. Now shares are trading above the indicative JPY 840/share bid. 
There are interesting things afoot here. 

Murakami Fund's Tender for JAG (3751):  May Be Rangebound Near-Term