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

Tohokushinsha (2329 JP) To 3D - "Not Today"; 3D May Go To The Mattresses

Quiddity Advisors

Event-Driven

<ul>
<li>3D Investment Partners, known to be activist-ish-y, purchased 18% of <a href="https://www.smartkarma.com/entities/tohokushinsha-film-corp" target="_blank" data-smartkarma-citation="entities:15129:1" rel="noopener">Tohokushinsha Film (2329 JP)</a> in the 12 months to March 2024. They started a public activism campaign in February.</li>
<li>The company has started down a better governance track, but now 3D has made a takeover proposal to Tohokushinsha, which will consider it under Special Committee.</li>
<li>There are a couple of possible outcomes here which are interesting to consider. There are no other spoilers possible except those friendly to founders and management.</li>
</ul>


3D Investment Partners, known to be activist-ish-y, purchased 18% of Tohokushinsha Film (2329 JP) in the 12 months to March 2024. They started a public activism campaign in February.
The company has started down a better governance track, but now 3D has made a takeover proposal to Tohokushinsha, which will consider it under Special Committee.
There are a couple of possible outcomes here which are interesting to consider. There are no other spoilers possible except those friendly to founders and management.


Tokyo Kiraboshi Financial Group (7173 JP)

Tohokushinsha (2329 JP) - 3D Investment Partners Proposes Take-Private