Korea / Special Sits, Pairs, Index Rebalancing, Clepsydra Capital

Sanghyun Park

I investigate special situations, pairs, and index rebalancing trades in Korea.

Korea / Special Sits, Pairs, Index Rebalancing

Revised CGT/SST in Korea: Intense Selling Flow on T-1 Ex-Date Will Be Intact Until 2024

Yearend Dividend Play on Korean Stocks with High Yield/Borrow Rate

Celltrion Siblings Announced Dividends: Trading Based on Past Patterns

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

Clepsydra Capital

Investigate special situations, pairs, and index rebalancing trades in Korea.

Event-Driven

<ul>
<li>This year is less intense compared to previous years. However, given this year's overall market returns and the lower visibility of yearend dividends, it is still a reasonably aggressive flow.</li>
<li>Most of this PROP flow should have been dividend hunting aimed at the distortion of ex-date price correction caused by RETAIL's tax avoidance-driven selling flow.</li>
<li>The performance of the individual stock position strategy (entering on T-4~1 ex-date) might not have been as juicy as expected, but it still managed to deliver a positive return.</li>
</ul>


This year is less intense compared to previous years. However, given this year's overall market returns and the lower visibility of yearend dividends, it is still a reasonably aggressive flow.
Most of this PROP flow should have been dividend hunting aimed at the distortion of ex-date price correction caused by RETAIL's tax avoidance-driven selling flow.
The performance of the individual stock position strategy (entering on T-4~1 ex-date) might not have been as juicy as expected, but it still managed to deliver a positive return.


Retrospectively Reviewing Prop Traders Vs. Retail on T±4 Ex-Date

LG H&H

Retrospectively Reviewing Prop Traders Vs. Retail on T±4 Ex-Date