Korea / Special Sits, Pairs, Index Rebalancing, Clepsydra Capital

Sanghyun Park

I investigate special situations, pairs, and index rebalancing trades in Korea.

Korea / Special Sits, Pairs, Index Rebalancing

Clepsydra Capital

Investigate special situations, pairs, and index rebalancing trades in Korea.

Event-Driven

<ul>
<li>Thanks to the Series 196 CB conversions and leftover action, we're seeing a 10%p dip this time around.</li>
<li>The stock will price in the change from around 2 PM Tuesday, Nov 12, with 15 billion KRW outflow, that is roughly -0.74x of the ADTV.</li>
<li>Lately, flow events are getting tipped off more, leading to aggressive pre-positioning. I’ll monitor HMM’s price and volume Monday, then decide if I’ll target Tuesday’s passive outflow.</li>
</ul>


Thanks to the Series 196 CB conversions and leftover action, we're seeing a 10%p dip this time around.
The stock will price in the change from around 2 PM Tuesday, Nov 12, with 15 billion KRW outflow, that is roughly -0.74x of the ADTV.
Lately, flow events are getting tipped off more, leading to aggressive pre-positioning. I’ll monitor HMM’s price and volume Monday, then decide if I’ll target Tuesday’s passive outflow.


Estimating the Passive Impact of HMM’s KOSPI 200 Float Rate Cut, Going into Effect on Nov 13

HMM Co., Ltd.

Estimating the Passive Impact of HMM’s KOSPI 200 Float Rate Cut, Going into Effect on Nov 13