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

Shinko Electric (6967) Takeover:  Changing Break/Gap Risk as Comps Gain

JSR (4185) - Very Juicy Arb Return At Expected Timeline

JSR (4185) - Possible Trouble in Arb Land as SUNY/CNSE Files Suit Against JSR Sub Inpria

JIC Consortium Possibly In Line to Win Shinko At "¥800bn", Which Makes You Go 🤔...

JIC Deal For Shinko Electric Is LIGHT, and There's Room To Complain, But Will Trade Wide

Shinko Electric (6967) Update - MitCorp In The Mix?

Quiddity Advisors

Event-Driven

Shinko Electric Industries / Event-Driven

<ul>
<li>The JIC Deal for <a href="https://www.smartkarma.com/entities/shinko-electric-industries" target="_blank" data-smartkarma-citation="entities:15066:1" rel="noopener">Shinko Electric Industries (6967 JP)</a> has been announced and is, as expected, trading wide. </li>
<li>There is <strong><a href="https://www.smartkarma.com/insights/jsr-4185-jp-takeover-why-so-wide-fud-and-flows" target="_blank" rel="noopener">FUD</a></strong>. There are <strong><a href="https://www.smartkarma.com/insights/jsr-4185-time-to-fight-the-fud" target="_blank" rel="noopener">Flows</a></strong>. Just like JSR (4185). Some of that FUD can be explained by "gap risk" on deal break.... or can it? We look at risks.</li>
<li>There's more positioning risk than fundamental risk at this point. And the FUD and Flows have specific timing in this case which makes thing different than JSR. Worth thinking about.</li>
</ul>


The JIC Deal for Shinko Electric Industries (6967 JP) has been announced and is, as expected, trading wide. 
There is FUD. There are Flows. Just like JSR (4185). Some of that FUD can be explained by "gap risk" on deal break.... or can it? We look at risks.
There's more positioning risk than fundamental risk at this point. And the FUD and Flows have specific timing in this case which makes thing different than JSR. Worth thinking about.


Shinko Electric (6967) Takeover:  Initial Break/Gap Risk Analysis