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

Event-Driven

<p>'Tis the season of merger announcements as subsidiaries/affiliates/partners get swallowed up by their larger sponsors. </p><div><h2>THE ANNOUNCEMENT</h2></div><p>Friday after the close saw <a href="https://www.smartkarma.com/entities/11649" target="_blank" data-smartkarma-citation="entities:11649">Murata Manufacturing</a> (6981 JP) and <a href="https://www.smartkarma.com/entities/60" target="_blank" data-smartkarma-citation="entities:60">Toko Inc</a> (6801 JP) officially announce their long-expected tie-up.</p><p>The statement (<a href="http://www.murata.com/~/media/webrenewal/about/newsroom/news/irnews/irnews/2016/0129b/simplified_share_exchange.ashx?la=en-us" target="_blank">E</a>, <a href="http://www.murata.com/~/media/webrenewal/about/newsroom/news/irnews/irnews/2016/0129b/simplified_share_exchange_j.ashx?la=ja-jp" target="_blank">J</a>) announcing the deal said the expected synergies had not been as good as expected because of the ongoing costs of maintaining sales and operation channels at Toko, and therefore Murata and Toko were not fully…</p>

'Tis the season of merger announcements as subsidiaries/affiliates/partners get swallowed up by their larger sponsors. THE ANNOUNCEMENTFriday after the close saw Murata Manufacturing (6981 JP) and Toko Inc (6801 JP) officially announce their long-expected tie-up.The statement (E, J) announcing the deal said the expected synergies had not been as good as expected because of the ongoing costs of maintaining sales and operation channels at Toko, and therefore Murata and Toko were not fully…

Toko: Maybe Wrong Ratio. Nothing You Can Do.