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

The Paytm Saga: A Tale of Non-Compliance and Controversy

From Savings to Wealth Creation: The Financialization of Indian Households

Quiddity Advisors

Event-Driven

<ul>
<li>PayTM, which IPOed 13 months ago at Rs2150/share and now trades 75% lower "intimated" the possibility of a buyback on the 8th, and shares jumped 7.2% on the 9th. </li>
<li>The Board <a href="https://www.bseindia.com/xml-data/corpfiling/AttachLive/711ad7c5-5087-4e64-b0c3-3047e45dd98d.pdf" target="_blank" rel="noopener">approved</a> the INR 8.5bn buyback at max price INR 810/share late last night. The shares fell slightly today. Now we move to a postal ballot.</li>
<li>The buy-back rules crate interesting parameters and these buy-back terms provide interesting opportunities. </li>
</ul>


PayTM, which IPOed 13 months ago at Rs2150/share and now trades 75% lower "intimated" the possibility of a buyback on the 8th, and shares jumped 7.2% on the 9th. 
The Board approved the INR 8.5bn buyback at max price INR 810/share late last night. The shares fell slightly today. Now we move to a postal ballot.
The buy-back rules crate interesting parameters and these buy-back terms provide interesting opportunities. 


PayTM (One 97 Communications) Announces a BUYBACK - Overhang Vs Feelings Vs Buyback Vs Index