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) - UGLY Forecast Change but Fujitsu Still Wants Out

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

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

Fujitsu General (6755) - Fujitsu's Stake On The Block

Fujitsu (6702) Subsidiary Selldowns To Come

Quiddity Advisors

Event-Driven

<ul>
<li>In 2019, it became apparent <a href="https://www.smartkarma.com/entities/fujitsu-ltd" target="_blank" data-smartkarma-citation="entities:16968:1" rel="noopener">Fujitsu Ltd (6702 JP)</a> wanted to sell down its stakes in non-core businesses (Shinko Electric, Fujitsu General, and FDK), and move on to better things.</li>
<li>In early January 2023, a Bloomberg article suggested a sale process. A 20 Jan 2023 article suggested Fujitsu General's auction was imminent. I wrote a <a href="https://www.smartkarma.com/insights/fujitsu-general-6755-fujitsu-s-stake-on-the-block" target="_blank" rel="noopener">piece</a>. It was not bullish.</li>
<li>The stock rose a bit, then fell 40+% through last week. Now another article suggests some urgency at Fujitsu. That changes things.</li>
</ul>


In 2019, it became apparent Fujitsu Ltd (6702 JP) wanted to sell down its stakes in non-core businesses (Shinko Electric, Fujitsu General, and FDK), and move on to better things.
In early January 2023, a Bloomberg article suggested a sale process. A 20 Jan 2023 article suggested Fujitsu General's auction was imminent. I wrote a piece. It was not bullish.
The stock rose a bit, then fell 40+% through last week. Now another article suggests some urgency at Fujitsu. That changes things.


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