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

Asia-Pac Weekly Risk Arb Summary: Sydney Aiport, Beijing Capital Land, IGO/Western Areas

Marvelous Milton Making Its Move - New 30yr Highs On Both Stocks

Asia-Pac Weekly Risk Arb Summary: Beijing Capital Land, Suchuang Gas, Siam Dev, 1300Smiles

The STILL MARVELOUS Milton Arb Confirms Its Schedule - Much Marvelousness to Come

Milton-WHSP Merger Index Implications and the Marvelous Arb

Milton's Marvelous Arb Meanders Along... Marvelously

Quiddity Advisors

Event-Driven

M is for Milton. M is for Moribund, and Mortmain too.  There is a stubborn stickiness to Milton pricing which is surprising, especially given the inputs to the trade. This situation was outlined in <a href="https://www.smartkarma.com/insights/milton-merger-is-a-most-marvelous-arb" target="_blank" data-smartkarma-citation="insights:53464" rel="noopener">Milton Merger Is A Most Marvelous Arb</a>. The various impacts and influences were discussed further in <a href="https://www.smartkarma.com/insights/milton-whsp-merger-index-implications-and-the-marvelous-arb" target="_blank" data-smartkarma-citation="insights:53551" rel="noopener">Milton-WHSP Merger Index Implications and the Marvelous Arb</a>. There was followup with cool tables in <a href="https://www.smartkarma.com/insights/milton-s-marvelous-arm-meanders-along-marvelously" target="_blank" data-smartkarma-citation="insights:54765" rel="noopener">Milton's Marvelous Arb Meanders Along... Marvelously</a>. There was additional table-pounding in <a href="https://www.smartkarma.com/insights/the-still-marvelous-milton-arb-confirms-its-schedule-much-marvelousness-to-come" target="_blank" data-smartkarma-citation="insights:55604" rel="noopener">The STILL MARVELOUS Milton Arb Confirms Its Schedule - Much Marvelousness to Come</a>. I assume readers may draw conclusions from the titles as to where I stand. It isn't any less marvelous today. Indeed it is mirific!Since the 22 June joint announcement of the intention of Listed Investment Corporation <a href="https://www.smartkarma.com/entities/milton-corp-ltd" target="_blank" data-smartkarma-citation="entities:29090:1" rel="noopener">Milton Corp Ltd (MLT AU)</a> to merge with other Listed Investment Corporation <a href="https://www.smartkarma.com/entities/washington-h-soul-pattinson-and-co-ltd" target="_blank" data-smartkarma-citation="entities:6054:1" rel="noopener">Washington H. Soul Pattinson and Co. Ltd (SOL AU)</a> ("WHSP"), both Milton and WHSP have traded significant excess volume.One question is HOW MUCH?The other question is DOES IT MATTER?We look at both questions below, and at the pricing and of the situation today.

M is for Milton. M is for Moribund, and Mortmain too.  There is a stubborn stickiness to Milton pricing which is surprising, especially given the inputs to the trade. This situation was outlined in Milton Merger Is A Most Marvelous Arb. The various impacts and influences were discussed further in Milton-WHSP Merger Index Implications and the Marvelous Arb. There was followup with cool tables in Milton's Marvelous Arb Meanders Along... Marvelously. There was additional table-pounding in The STILL MARVELOUS Milton Arb Confirms Its Schedule - Much Marvelousness to Come. I assume readers may draw conclusions from the titles as to where I stand. It isn't any less marvelous today. Indeed it is mirific!Since the 22 June joint announcement of the intention of Listed Investment Corporation Milton Corp Ltd (MLT AU) to merge with other Listed Investment Corporation Washington H. Soul Pattinson and Co. Ltd (SOL AU) ("WHSP"), both Milton and WHSP have traded significant excess volume.One question is HOW MUCH?The other question is DOES IT MATTER?We look at both questions below, and at the pricing and of the situation today.

Washington H. Soul Pattinson and Co. Ltd (SOL AU)

The Magnality of the Marvelous Milton Merger Makes a Moribund March To Metaphysis (It's Mirific!)