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

Blackstone Does a BIG Deal for Infocom (4348) - Minorities Get ¥6,060/Share

T-Gaia (3738 JP) - Potential Premium Takeout Story Turns To An Ugly Takeunder

T-Gaia (3738 JP) - Possible Premium Takeout Story

Quiddity Advisors

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/tryt-inc" target="_blank" data-smartkarma-citation="entities:39870:1" rel="noopener">TRYT (9164 JP)</a> was bought by EQT years ago and IPOed on TSE Growth in July 2023 at ¥1,200/share. The shares tanked on Day 1, almost reached ¥1,000 days later.</li>
<li>Then they fell, and fell some more, reaching the ¥370s early in Q1, then again post Trump tariff announcement.  EQT still holds ~60%. Shares closed at ¥374 on 16 April.</li>
<li>In February, there were noises about EQT putting the business up for sale, reportedly seeking an offer close to ¥1,200/share. Now there are noises of a Second Round.</li>
</ul>



TRYT (9164 JP) was bought by EQT years ago and IPOed on TSE Growth in July 2023 at ¥1,200/share. The shares tanked on Day 1, almost reached ¥1,000 days later.
Then they fell, and fell some more, reaching the ¥370s early in Q1, then again post Trump tariff announcement.  EQT still holds ~60%. Shares closed at ¥374 on 16 April.
In February, there were noises about EQT putting the business up for sale, reportedly seeking an offer close to ¥1,200/share. Now there are noises of a Second Round.


TRYT (9164) - Limit Up On Report of Round 2 Bidding; A Growth Multiple Gets You a High Price