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

Naspers Deal Done - Flex Participation and Pro-Ration, Misunderstandings, and INDEX CHANGES GALORE!

Naspers/Prosus Initial Index Changes Done, Now To Reverse the Trade

Prosus EGM Approves Partial Offer for Naspers - Next Steps Interesting, Part I

Naspers-Prosus - Estimating Pro-Ration and Analysing Index Events

Naspers & Prosus Exchange Offer - Accretion Vs Complexity

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

Quiddity Advisors

Event-Driven

<p>Today is the last day of trading for the Naspers Exchange Offer before it goes ex- tomorrow. A number of investors and traders will find it impossible to buy and offer their shares through normal settlement mechanisms and could only do so on swap as normal corporate action windows would have closed.</p><p>That said, after a brief hiccup this morning, the spread is trading quite stably where it was yesterday at 4.8-5.3%. </p><section class="figure"><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/223/127/original/Screenshot+2021-08-10+at+7.16.18+PM.png?1628594193" class="editor-image img-responsive" data-smartkarma-image-id="223127"></figure><p></p></section><p>Going forward, the process of spread change, and flow impacts will hop around a bit, and this is a brief guide to that timing and expected influence.</p>

Today is the last day of trading for the Naspers Exchange Offer before it goes ex- tomorrow. A number of investors and traders will find it impossible to buy and offer their shares through normal settlement mechanisms and could only do so on swap as normal corporate action windows would have closed.That said, after a brief hiccup this morning, the spread is trading quite stably where it was yesterday at 4.8-5.3%. Going forward, the process of spread change, and flow impacts will hop around a bit, and this is a brief guide to that timing and expected influence.

Naspers

Naspers/Prosus - Now We Go Ex-Offer