Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

HK Type 4 license through Ballingal Investment Advisors Ltd. 

I'm a highly experienced sell-side analyst with in excess of 22 years of covering Asia Pacific equities, the past 19 years immersed in event strategies encompassing M&A risk arbitrage, directional long/short, stub trades and restructuring.  

My background also includes accountancy (liquidation/bankruptcy/receivership) earlier in my career and as a chief financial officer of a global commodity company based in the US and Mexico.

Pan-Asia Catalysts/Events

ASX - New Listings Big Decline, SG&A Costs Up Substantially, Best Income Delta Is Non-Core

NAB - Maturing Debt AUD40bn | At Top of Rate Cycle | With High Unseasoned Loans, CRE Loans

2024 High Conviction - BEN - Almost All Mortgages | NPLs in Decline | Credit Costs Can Move Lower

Quiddity Advisors

Equity Bottom-Up

Us Masters Residential Property Fund / Equity Bottom-Up

Us Masters Residential Property Fund (URF AU)

<ul>
<li>
<strong><a href="https://www.smartkarma.com/entities/us-masters-residential-property-fund" target="_blank" data-smartkarma-citation="entities:11476:1" rel="noopener">US Masters Residential Property Fund (URF AU)</a></strong>, an ASX-listed real estate trust investing in single-family homes in gentrifying New York metropolitan neighbourhoods  - what could go wrong? </li>
<li>Quite a lot, apparently. Shares are down bigly from the 2011 listing; the responsible entity faced ASIC-backed court proceedings for misleading clients; plus dissent emerged over appointing a new RE. </li>
<li>URF is gradually offloading its entire portfolio, and buying back shares, which are trading at 0.49x price-to-book.  So, where's the rub?</li>
</ul>



US Masters Residential Property Fund (URF AU), an ASX-listed real estate trust investing in single-family homes in gentrifying New York metropolitan neighbourhoods  - what could go wrong? 
Quite a lot, apparently. Shares are down bigly from the 2011 listing; the responsible entity faced ASIC-backed court proceedings for misleading clients; plus dissent emerged over appointing a new RE. 
URF is gradually offloading its entire portfolio, and buying back shares, which are trading at 0.49x price-to-book.  So, where's the rub?


US Masters (URF AU): Almost Too Good To Be True