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

Quiddity Advisors

Equity Capital Markets

<ul>
<li>Ubiquitous used car auction house <a href="https://www.smartkarma.com/entities/uss-co-ltd" target="_blank" data-smartkarma-citation="entities:19770:1" rel="noopener">USS Co Ltd (4732 JP)</a> today announced MUFJ Bank's Retirement Benefit Trust account would sell its 3.5% stake in an offering. </li>
<li>Given how much cash the company has and how little cross-holding there is, this seems a bit odd, but they are doing a buyback for half the offer.</li>
<li>Small offer. Low ADV count. Well-liked by numerous foreign active holders. This should get taken easily.</li>
</ul>


Ubiquitous used car auction house USS Co Ltd (4732 JP) today announced MUFJ Bank's Retirement Benefit Trust account would sell its 3.5% stake in an offering. 
Given how much cash the company has and how little cross-holding there is, this seems a bit odd, but they are doing a buyback for half the offer.
Small offer. Low ADV count. Well-liked by numerous foreign active holders. This should get taken easily.


USS (4732 JP) - Small Offering on 'Growth Darling' - Buyback Offsets 50%