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 Advisors

Event-Driven

<ul>
<li>Yesterday, Carlyle announced a buyout of <a href="https://www.smartkarma.com/entities/totoku-electric-co-ltd" target="_blank" data-smartkarma-citation="entities:2895:1" rel="noopener">Totoku Electric (5807 JP)</a> at ¥5,660/share, which was a cool 155% premium to Tuesday's close of ¥2,215. The stock was limit up today. </li>
<li>It will be limit up tomorrow, and the next day. And probably the next day. </li>
<li>This is a very interesting outcome. But it is actually not as expensive as it "looks."</li>
</ul>


Yesterday, Carlyle announced a buyout of Totoku Electric (5807 JP) at ¥5,660/share, which was a cool 155% premium to Tuesday's close of ¥2,215. The stock was limit up today. 
It will be limit up tomorrow, and the next day. And probably the next day. 
This is a very interesting outcome. But it is actually not as expensive as it "looks."


Super High Premium Buyout for Totoku Electric (5807) By Carlyle