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

Tokyo Kikai Seisakusho (6335) - Shareholders Approve Poison Pill

TOPIX Inclusion: Bull-Dog Sauce (2804) Is SUPER GREEN

Quiddity Advisors

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/shimizu-corp" target="_blank" data-smartkarma-citation="entities:8530:1" rel="noopener">Shimizu Corp (1803 JP)</a> has held ~25% of <a href="https://www.smartkarma.com/entities/nippon-road-co-ltd" target="_blank" data-smartkarma-citation="entities:12581:1" rel="noopener">Nippon Road (1884 JP)</a> and has now announced a Partial Tender Offer to go to 50.1%. It's a 20-year high, but...</li>
<li>... it's the wrong price. And it has been. And a quasi-activist has built a 16% stake in recent years. </li>
<li>The question is whether this gets done. They only need to buy 25.25% out of the 75% they don't own, but it's a question.</li>
</ul>



Shimizu Corp (1803 JP) has held ~25% of Nippon Road (1884 JP) and has now announced a Partial Tender Offer to go to 50.1%. It's a 20-year high, but...
... it's the wrong price. And it has been. And a quasi-activist has built a 16% stake in recent years. 
The question is whether this gets done. They only need to buy 25.25% out of the 75% they don't own, but it's a question.


Shimizu Corp Partial Offer for Nippon Road (1884 JP) May Get Interesting