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

Fujitsu General (6755) - Fujitsu Wants Out, May Force the Issue

Fujitsu General (6755) - UGLY Forecast Change but Fujitsu Still Wants Out

Fujitsu General (6755) - Long Sale Process Finally Over. Unexciting but Uncomplicated Deal.

Quiddity Advisors

Event-Driven

<ul>
<li>The Paloma-Rheem Tender Offer for <a href="https://www.smartkarma.com/entities/fujitsu-general-ltd" target="_blank" data-smartkarma-citation="entities:2025:1" rel="noopener">Fujitsu General (6755 JP)</a> was expected to start in early July but is starting 10 weeks earlier. Big win for arbs. </li>
<li>This was going to be a done deal. It didn't trade rich to terms and it's tough to see why activists would push when they haven't pushed for years.</li>
<li>The deal is now trading tight. Long arbs should probably re-allocate. Those hiding their beta here should hide their beta elsewhere.</li>
</ul>


The Paloma-Rheem Tender Offer for Fujitsu General (6755 JP) was expected to start in early July but is starting 10 weeks earlier. Big win for arbs. 
This was going to be a done deal. It didn't trade rich to terms and it's tough to see why activists would push when they haven't pushed for years.
The deal is now trading tight. Long arbs should probably re-allocate. Those hiding their beta here should hide their beta elsewhere.


Fujitsu General (6755) - Deal Starts Early, Trades Tight - Done Deal