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 JPX-Nikkei 400 Rebal 2024: End-Sep 2023

Seven Bank - Assets 39x Loans | Strong 7% Loan Growth | ATM Transactions +8% | Retail Accounts +9%

Quiddity JPX-Nikkei 400 Rebal 2024: End-Oct 2023

Rakuten Bank (5838) - 4 Months On, Volume Decay and RB's Place Among Banks

Rakuten Bank - Big TOPIX Inclusion Next Week

Rakuten Bank (5838) IPO - Post-IPO Trading Volume Decay and RB's Place Among Banks (Part 3)

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

Quiddity Advisors

Event-Driven

<ul>
<li>On 31 August, I published <a href="https://www.smartkarma.com/insights/rakuten-bank-5838-4-months-on-volume-decay-and-rb-s-place-among-banks" target="_blank" data-smartkarma-citation="insights:111882" rel="noopener">Rakuten Bank (5838) - 4 Months On, Volume Decay and RB's Place Among Banks</a>. It's up 40.6% since the day after I wrote, reasons unclear.  </li>
<li>TOPIX Banks Index is up 10.4% since then, with post-BOJ meeting price movements indicating a kind of <em>momiai</em>.</li>
<li>For Rakuten Bank, while growth means it may not be "expensive" it is no longer dirt cheap. And I cannot identify the culprit, so time to take profits. </li>
</ul>


On 31 August, I published Rakuten Bank (5838) - 4 Months On, Volume Decay and RB's Place Among Banks. It's up 40.6% since the day after I wrote, reasons unclear.  
TOPIX Banks Index is up 10.4% since then, with post-BOJ meeting price movements indicating a kind of momiai.
For Rakuten Bank, while growth means it may not be "expensive" it is no longer dirt cheap. And I cannot identify the culprit, so time to take profits. 


Rakuten Bank

Rakuten Bank (5838) One Month Later