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

Trend Micro BIG Bonanza But Shareholder AND Balance Sheet Structure Matter. N225 Divs Get a Fillip

Trend Micro (4704) - In-Line Announcement Causes Selloff - Hopium Meets Reason

Koito Mfg (7276) - New Medium Term Plan, BIG Buyback, Even Bigger Shareholder Returns Planned

Japan Cybersecurity: Frequent and Sophisticated Cyber-Attacks Drive Demand

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>
<a href="https://www.smartkarma.com/entities/trend-micro-inc" target="_blank" data-smartkarma-citation="entities:13172:1" rel="noopener">Trend Micro Inc (4704 JP)</a> is an interesting, but odd little company in an interesting odd little niche. They make cybersecurity products and are good at it. </li>
<li>Last summer, well-known activist Value Act Capital showed up on the tape in August with an 8.7% position. </li>
<li>What had been good dividend payout ratios are now cemented. Now there is a big buyback to return cash. Look for more. And as always, details matter. </li>
</ul>



Trend Micro Inc (4704 JP) is an interesting, but odd little company in an interesting odd little niche. They make cybersecurity products and are good at it. 
Last summer, well-known activist Value Act Capital showed up on the tape in August with an 8.7% position. 
What had been good dividend payout ratios are now cemented. Now there is a big buyback to return cash. Look for more. And as always, details matter. 


Trend Micro (4704 JP) - Value Act's Activism Starts To Show, But It's Still Small Potatoes