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

[Japan M&A] Minebea Forces a Game of Regulatory Chicken on Shibaura (6957 JP)

US Banks - Accelerating Weekly YoY Loan Growth at +$77bn into 3Q25 Vs Minus $1bn into 3Q24

[Japan M&A] YAGEO Upping the Stakes in the Game of 🐓 over Shibaura (6957 JP)

[Japan M&A] Minebea Matches YAGEO for Shibaura Elec (6957) At ¥6,200. Presses on Early Cashout

[Japan M&A] YAGEO Extends Shibaura TOB Limbo at FSA/METI/BOJ Request on FEFTA

[Japan M&A] Shibaura in Limbo - "Neutral" On Minebea And "Reserves Opinion" On YAGEO Bid, Waiting...

Quiddity Advisors

Event-Driven

<ul>
<li>The Ministry of Finance has published an updated "FEFTA List" of classifications of listed companies as of July 15, 2025. </li>
<li>50 names lowered their ranks from the most "core" Type 3 to Type 2(20), or Type 1(30). 104 names raised from Type 1(51) or Type 2(53) to Type 3.</li>
<li>Smartkarma readers may want to peruse the lists and details to see if they think companies are trying to protect themselves (from threats as yet not known by the public).</li>
</ul>


The Ministry of Finance has published an updated "FEFTA List" of classifications of listed companies as of July 15, 2025. 
50 names lowered their ranks from the most "core" Type 3 to Type 2(20), or Type 1(30). 104 names raised from Type 1(51) or Type 2(53) to Type 3.
Smartkarma readers may want to peruse the lists and details to see if they think companies are trying to protect themselves (from threats as yet not known by the public).


Shibaura Electronics

FEFTA Classification Changes Summer 2025