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

Quiddity Advisors

Event-Driven

Nomura Real Estate Master Fund / Event-Driven

<ul>
<li>Today, <a href="https://www.smartkarma.com/entities/nomura-real-estate-master-fu" target="_blank" data-smartkarma-citation="entities:22930:1" rel="noopener">Nomura Real Estate Master Fund, (3462 JP)</a> - the largest REIT in the 'Diversified REIT' JREIT space - announced sponsor <a href="https://www.smartkarma.com/entities/nomura-real-estate-holdings" target="_blank" data-smartkarma-citation="entities:19866:1" rel="noopener">Nomura Real Estate (3231 JP)</a> would up its stake.</li>
<li>They would lift their stake from 4.47% by 2.54% to 7.01%. There is a reason for this, just like there was last time with <a href="https://www.smartkarma.com/entities/japan-excellent-inc" target="_blank" data-smartkarma-citation="entities:12745:1" rel="noopener">Japan Excellent (8987 JP)</a>. </li>
<li>Understanding the reason is how you understand the trade to do. </li>
</ul>


Today, Nomura Real Estate Master Fund, (3462 JP) - the largest REIT in the 'Diversified REIT' JREIT space - announced sponsor Nomura Real Estate (3231 JP) would up its stake.
They would lift their stake from 4.47% by 2.54% to 7.01%. There is a reason for this, just like there was last time with Japan Excellent (8987 JP). 
Understanding the reason is how you understand the trade to do. 


Nomura Real Estate To Buy Nomura RE Master Fund Units