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

MNACT/MCT Circulars Out - Still Probably Heads I Win Tails I Win - But It's Complicated

MCT and MNACT Unitholders Approve Merger To Become MPACT

Mapletree Commercial Vs the World (Or at Least S-REIT World). Still Heads I Win Tails I Win

Mapletree Revise Scheme - Give MNACT Holders Cash for NAV and a Free Option

Quarz Capital Again Objects to the MNACT/MCT Deal - This Time to MAS

Quiddity Advisors

Event-Driven

Mapletree Pan Asia Commercial Trust / Event-Driven

Mapletree Pan Asia Commercial Trust (MCT SP)

<ul>
<li>The MNACT/MCT deal has weird parameters which make it complicated as a risk arb situation, and as a way to think about relative value of MCT and MNACT vs Peers</li>
<li>Relative buying and selling pressure changes between the two names and their peer baskets depending on a) the May vote, b) index provider discretion, and c) MCT's price in July. </li>
<li>Then it may depend on relative price movement before then too. It's complicated. </li>
</ul>


The MNACT/MCT deal has weird parameters which make it complicated as a risk arb situation, and as a way to think about relative value of MCT and MNACT vs Peers
Relative buying and selling pressure changes between the two names and their peer baskets depending on a) the May vote, b) index provider discretion, and c) MCT's price in July. 
Then it may depend on relative price movement before then too. It's complicated. 


Mapletree North Asia Commercial Trust (MAGIC SP)

Noodling MNACT Vs MCT Deal Risk... Even the Complications Have Complications.