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

Index Rebalance

<ul>
<li>Last Thursday, in an announcement which was very odd, photo studio <a href="https://www.smartkarma.com/entities/studio-alice-co-ltd" target="_blank" data-smartkarma-citation="entities:4721:1" rel="noopener">Studio Alice (2305 JP)</a> announced that it was voluntarily leaving TSE Prime. </li>
<li>They said they would "demote" themselves to TSE Standard as of 27 February in order to save money by not responding to the requirements of Prime.</li>
<li>That means a voluntary TOPIX deletion at end-March. The stock has an interesting shareholder structure and this event is 115 days of ADV to sell.</li>
</ul>


Last Thursday, in an announcement which was very odd, photo studio Studio Alice (2305 JP) announced that it was voluntarily leaving TSE Prime. 
They said they would "demote" themselves to TSE Standard as of 27 February in order to save money by not responding to the requirements of Prime.
That means a voluntary TOPIX deletion at end-March. The stock has an interesting shareholder structure and this event is 115 days of ADV to sell.


A Very Odd Change - Studio Alice (2305) Self-Demotes