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

Fast Retailing (9983) - Now At Double Downweight Levels

Mar24 Nikkei 225 Rebal - Socionext, Disco, Zozo IN; US$4bn One-Way; More Impactful Than It Looks

The Biggish Sep 2023 "Wednesday-Thursday Trade" With Added Monday/Friday Flavour

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

Quiddity Advisors

Event-Driven

<ul>
<li>Every year it's the same trade. This year it is Wednesday and Thursday. There are risks to the analysis - notably allocation.</li>
<li>But there may be ¥1.0-1.2trln+ to buy on one day into the close later this month, then ad hoc buys of ¥630bn and index sells of ~¥600bn  2 days later.</li>
<li>Over the past ten years, the two day return on the March trade is great. This year the Nikkei funding trade makes things more complicated. </li>
</ul>


Every year it's the same trade. This year it is Wednesday and Thursday. There are risks to the analysis - notably allocation.
But there may be ¥1.0-1.2trln+ to buy on one day into the close later this month, then ad hoc buys of ¥630bn and index sells of ~¥600bn  2 days later.
Over the past ten years, the two day return on the March trade is great. This year the Nikkei funding trade makes things more complicated. 


The Bigly March 2024 "Wednesday-Friday Trade" (Surprising Flows)

ZOZO Inc

The Bigly March 2024 "Wednesday-Friday Trade" (Surprising Flows)