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

Strong Telecom Flows in TOPIX FFW Transition Months

NTT (9432) - Salutary Earnings Salutary Buyback, More to Go

Japan Post Insurance – Why This Could Double… In Charts

Japan Post Insurance - A Surprising Selloff But Still A Buy

Japan Post Insurance - It's ON! Buyback, Huge Accretion, Restrictions Lifted. What's Not To Like?

Gravity Works As WeWork Doesn't; Now Plan B

Japan Post – Insurance Business Is Sandbagging Guidance

Quiddity Advisors

Event-Driven

<ul>
<li>The TOPIX Insurance Sector sees the worst net flows as a percentage of index weight among the 33 sectors in the April-June FFW Transition.</li>
<li>On a net basis, rebalance flows favour <a href="https://www.smartkarma.com/entities/japan-post-insurance-co-ltd" target="_blank" data-smartkarma-citation="entities:840:1" rel="noopener">Japan Post Insurance (7181 JP)</a> vs <a href="https://www.smartkarma.com/entities/t-d-holdings-inc" target="_blank" data-smartkarma-citation="entities:3431:1" rel="noopener">T&amp;D Holdings (8795 JP)</a> (finishing a buyback) and <a href="https://www.smartkarma.com/entities/dai-ichi-life-insurance" target="_blank" data-smartkarma-citation="entities:1109:1" rel="noopener">Dai Ichi Life Insurance (8750 JP)</a> (just finished).</li>
<li>JPI has underperformed both over the last three years despite growing BVPS by more. And earnings should be a blowout. </li>
</ul>


The TOPIX Insurance Sector sees the worst net flows as a percentage of index weight among the 33 sectors in the April-June FFW Transition.
On a net basis, rebalance flows favour Japan Post Insurance (7181 JP) vs T&amp;D Holdings (8795 JP) (finishing a buyback) and Dai Ichi Life Insurance (8750 JP) (just finished).
JPI has underperformed both over the last three years despite growing BVPS by more. And earnings should be a blowout. 


Topix FFW Transition - Insurance Sector a Big Net Sell