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

[Activism Japan] Proto Corp (4298 JP) - Kaname Capital Files an Injunction? Bold Strategy, Cotton...

Proto Corp (4298) - MBO After Restatement Scandal Is Opportunistic at ¥2,100 (+64%)

Proto Corp (4298) - Large Active Holders Going Activish-Y

Quiddity Advisors

Event-Driven

<ul>
<li>The MBO for <a href="https://www.smartkarma.com/entities/proto-corp" target="_blank" data-smartkarma-citation="entities:2511:1" rel="noopener">Proto Corp (4298 JP)</a> where the founder/chair is buying out from minorities is being done at the wrong price. His reasons are good, but not for minorities.</li>
<li>One large foreign shareholder - the second largest shareholder of the firm - has offered substantial pushback in the form of a letter asking for discussions. That went nowhere.</li>
<li>So now they have come out harder. The solution here is a really big bump or a broken deal <em>if investors keep the share price above the TOB price.</em>
</li>
</ul>


The MBO for Proto Corp (4298 JP) where the founder/chair is buying out from minorities is being done at the wrong price. His reasons are good, but not for minorities.
One large foreign shareholder - the second largest shareholder of the firm - has offered substantial pushback in the form of a letter asking for discussions. That went nowhere.
So now they have come out harder. The solution here is a really big bump or a broken deal if investors keep the share price above the TOB price.



Proto Corp (4298 JP) - Activists Getting More Activish, Watch for Position Changes?