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

A/H Premium Tracker (Week to 23 Jan 2026):  Slight H/A Outperf, Quiddity Port Still Better

A/H Premium Tracker (2 Weeks to 6 Feb 2026):  Slight H/A Under-Perf

A/H Premium Tracker (Weeks Spanning Spring Festival to 27 Feb 2026)

HK Connect SOUTHBOUND Flows (2Wks To 16 Jan 2026) - China Mobile Sold Heavily, Tech Bought Heavily

A/H Premium Tracker (2Wks to 31 Dec 2025):  Hs Underperform Again, Beautiful Skew Behaving Badly

RMB Dual Counter Trading Is Coming - This Changes AH Relationships

HK Connect SOUTHBOUND Flows (2Wks To 2 Jan 2026) - Heavier Gross, Lighter Net, Bank Buys, 941 Sells

Quiddity Advisors

Event-Driven

COSCO SHIPPING Development / Event-Driven

<ul>
<li>Hs within the liquid AH pair universe OUT-performed As on average by 0.14% in two weeks. Beautiful Skew was mixed. Spreads all over. Early doors</li>
<li>Quiddity H/A Portfolio performance +43bp of which +41bp was alpha, +2bp was H/A "beta." I am staying the course of Beautiful Skew.</li>
<li>The data tables below update daily 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/tools/quiddity/ah-shares-monitor" target="_blank" rel="noopener">AH Pairs Monitor</a> are both there - free for all SK readers. Recently used are now sticky.</li>
</ul>


Hs within the liquid AH pair universe OUT-performed As on average by 0.14% in two weeks. Beautiful Skew was mixed. Spreads all over. Early doors
Quiddity H/A Portfolio performance +43bp of which +41bp was alpha, +2bp was H/A "beta." I am staying the course of Beautiful Skew.
The data tables below update daily in the Tools section of Smartkarma. The Southbound Flow Monitor and AH Pairs Monitor are both there - free for all SK readers. Recently used are now sticky.


China Communications Construction (1800 HK)

A/H Premium Tracker (2Wks to 16 Jan 2026):  Spreads Bouncy but ~Flat on Net, Quiddity Port 👍