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

Arteria Networks (Buy) - Q2 22 Results Reaction: Core Business Growth Intact

Marubeni & Secom To Launch Tender Offer for Arteria Networks (4423)

Arteria Networks (Buy) - Q1 22 Results Reaction: In-Line Quarter Includes 7% Revenue Growth

Quiddity Advisors

Event-Driven

<ul>
<li>Seven weeks ago, <a href="https://www.smartkarma.com/entities/marubeni-corp" target="_blank" data-smartkarma-citation="entities:7463:1" rel="noopener">Marubeni Corp (8002 JP)</a> and <a href="https://www.smartkarma.com/entities/secom-co-ltd" target="_blank" data-smartkarma-citation="entities:11405:1" rel="noopener">Secom Co Ltd (9735 JP)</a> announced a joint deal to acquire the rest of <a href="https://www.smartkarma.com/entities/arteria-networks-corp" target="_blank" data-smartkarma-citation="entities:27807:1" rel="noopener">ARTERIA Networks Corp (4423 JP)</a>. </li>
<li>As I wrote in <a href="https://www.smartkarma.com/insights/marubeni-secom-to-launch-tender-offer-for-arteria-networks-4423" target="_blank" data-smartkarma-citation="insights:101969" rel="noopener">the previous piece</a>, the premium was good, but the price was not great. The Board rejected the price, then agreed when the bidders wouldn't go further.  </li>
<li>Now we have a deal and the Tender Offer starts 5 July. It was cheap to start. It's still too cheap. But this one is tough to block.</li>
</ul>


Seven weeks ago, Marubeni Corp (8002 JP) and Secom Co Ltd (9735 JP) announced a joint deal to acquire the rest of ARTERIA Networks Corp (4423 JP). 
As I wrote in the previous piece, the premium was good, but the price was not great. The Board rejected the price, then agreed when the bidders wouldn't go further.  
Now we have a deal and the Tender Offer starts 5 July. It was cheap to start. It's still too cheap. But this one is tough to block.


Arteria Networks (4423) Tender Launches 5 July.