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

HK Connect SOUTHBOUND Flows (2wks To 24 Oct 2025); Big Flows on Downdraft, Lower Flows on Rebound

A/H Premium Tracker (2 Wks to 24 Oct 2025):  Beautiful Skew Behaving Badly; High Div SOEs

HK Connect SOUTHBOUND Flows (Wk To 31 Oct 2025) - Volatile Unwinding But Net SOE Buying

HK Connect SOUTHBOUND Flows (2wks To 10 Oct 2025); Big Pre/Post Holiday Flows. NB 2x as Big.

A/H Premium Tracker (To 26 Sep 2025):  AH Premia Rise Across the Board

HK Connect SOUTHBOUND Flows (To 26 Sep 2025); BIG Single Stock Trading Again, Big Net, But Hs Fall

Quiddity Advisors

Event-Driven

Guangzhou Automobile Group / Event-Driven

<ul>
<li>"Beautiful Skew" showed up again across the long holiday. Hs on average outperformed As by 1.57% over the 29-30 Sep and 9-10 Oct period.</li>
<li>Last week's short reco on <a href="https://www.smartkarma.com/entities/china-merchants-bank-co-ltd-3388a037-4214-4997-b45d-520518cfdb57" target="_blank" data-smartkarma-citation="entities:10987:1" rel="noopener">China Merchants Bank H (3968 HK)</a> saw the H-share OUTperform its A by 2.52% and it outright rose just over 1%. Meh.</li>
<li>The data tables below update on a daily basis in the <a href="https://www.smartkarma.com/tools" target="_blank" rel="noopener">Tools</a> section of Smartkarma. The <a href="https://www.smartkarma.com/tools/quiddity/south-flow-monitor" target="_blank" rel="noopener">SOUTHBOUND Flow Monitor</a> and <a href="https://www.smartkarma.com/compose/insight/205668/AH%20Monitor" target="_blank" rel="noopener">AH Pairs Monitor</a> are both there - free - for all SK readers.</li>
</ul>


"Beautiful Skew" showed up again across the long holiday. Hs on average outperformed As by 1.57% over the 29-30 Sep and 9-10 Oct period.
Last week's short reco on China Merchants Bank H (3968 HK) saw the H-share OUTperform its A by 2.52% and it outright rose just over 1%. Meh.
The data tables below update on a daily basis in the Tools section of Smartkarma. The SOUTHBOUND Flow Monitor and AH Pairs Monitor are both there - free - for all SK readers.


A/H Premium Tracker (2 Wks to 10 Oct 2025):  Beautiful Skew But Trade Tantrums Again