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

JAPAN BUYBACKS:  ToSTNeT-3 Buybacks for 2/21/2017

Quiddity Advisors

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/sakata-inx-corp" target="_blank" data-smartkarma-citation="entities:19446:1" rel="noopener">Sakata Inx Corp (4633 JP)</a> and <a href="https://www.smartkarma.com/entities/toyo-ink-sc-holdings-co-ltd" target="_blank" data-smartkarma-citation="entities:13233:1" rel="noopener">Toyo Ink Sc Holdings (4634 JP)</a> are finally getting around to unwinding the rest of their cross-holdings from their decision 5yrs ago.</li>
<li>This is highly accretive. +10% on EPS this year on a weighted average basis and +16.8% on a spot basis. </li>
<li>The reason is good governance and capital efficiency. A side effect is it shifts the shareholder structure more in favor of economic investors. </li>
</ul>



Sakata Inx Corp (4633 JP) and Toyo Ink Sc Holdings (4634 JP) are finally getting around to unwinding the rest of their cross-holdings from their decision 5yrs ago.
This is highly accretive. +10% on EPS this year on a weighted average basis and +16.8% on a spot basis. 
The reason is good governance and capital efficiency. A side effect is it shifts the shareholder structure more in favor of economic investors. 


Sakata Inx (4633) HUGE Buyback Makes Things Interesting