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

AZ-Com Maruwa Launches Hostile TOB on Chilled & Frozen Logistics (9099) - Expect More Fun To Come

Chilled & Frozen's Target Opinion Statement; Chotto Matte (Four Counterbidders)

Chilled & Frozen Logistics (9099) Gone Ballistic - Reminder of Structure, Price, and Incentives

Logisteed/KKR Bid BIGLY for Alps Logistics (9055). A Gobsmacking Price/Multiple

KKR Deal for Alps Logistics (9055) Appears Imminent

Quiddity Advisors

Event-Driven

Chilled & Frozen Logistics Holdings / Event-Driven

Chilled & Frozen Logistics Holdings (9099 JP)

<ul>
<li>
<a href="https://www.smartkarma.com/entities/chilled-frozen-logistics-holdings-co-ltd" target="_blank" data-smartkarma-citation="entities:40987:1" rel="noopener">Chilled &amp; Frozen Logistics Holdings (9099 JP)</a> asked <a href="https://www.smartkarma.com/entities/az-com-maruwa-holdings" target="_blank" data-smartkarma-citation="entities:17280:1" rel="noopener">AZ-Com Maruwa Holdings (9090 JP)</a> repeatedly to respond to its entreaties, and delay the start of its tender offer until end-May.  </li>
<li>C&amp;F was running a process and wanted to be transparent. When AZ-Com announced, C&amp;F said "we have counter-bidders" and the stock went up. Then a Nikkei article propelled it higher.</li>
<li>AZ-Com then asked, twice, for clarity from C&amp;F, saying investors deserved more information. The shoe was on the other foot. Now C&amp;F has responded. Again. </li>
</ul>



Chilled &amp; Frozen Logistics Holdings (9099 JP) asked AZ-Com Maruwa Holdings (9090 JP) repeatedly to respond to its entreaties, and delay the start of its tender offer until end-May.  
C&amp;F was running a process and wanted to be transparent. When AZ-Com announced, C&amp;F said "we have counter-bidders" and the stock went up. Then a Nikkei article propelled it higher.
AZ-Com then asked, twice, for clarity from C&amp;F, saying investors deserved more information. The shoe was on the other foot. Now C&amp;F has responded. Again. 


C&F (9099) Pushes Back on AZ-Com Call for Transparency, Again. Still Not A Buy.