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

Hitachi Metals (5486) - Where IS Undisturbed?

Hitachi Metals – Steel Price Recovery Probably Limits Downside Even in the Event of a Break

Hitachi Metals - Nice Rebound Reduces Forward Reward/Risk Ratio

Bain Bids Up BIG For Hitachi Metals (5486) - Now We Wait

Hitachi Metals - Should I Stay or Should I Go Now?

Hitachi Metals – Is Net Debt Improvement Really a Positive?

Quiddity Advisors

Event-Driven

<ul>
<li>The <a href="https://www.smartkarma.com/entities/hitachi-metals-ltd" target="_blank" data-smartkarma-citation="entities:8561:1" rel="noopener">Hitachi Metals (5486 JP)</a> sale process was announced in October 2020 and the result was announced in late April 2021, with an expected Tender Offer start in late November.</li>
<li>Most anti-trust approvals have been received. At least one (SAMR) has not and today after the close Hitachi Metals released an <a href="https://www.hitachi-metals.co.jp/e/ir/ir-news/20211130en.pdf" target="_blank" rel="noopener">Announcement Concerning Progress of the Tender Offer</a>. </li>
<li>The shares fell sharply today in higher volume (before the announcement). The question is where we stand.</li>
</ul>


The Hitachi Metals (5486 JP) sale process was announced in October 2020 and the result was announced in late April 2021, with an expected Tender Offer start in late November.
Most anti-trust approvals have been received. At least one (SAMR) has not and today after the close Hitachi Metals released an Announcement Concerning Progress of the Tender Offer. 
The shares fell sharply today in higher volume (before the announcement). The question is where we stand.


Hitachi Metals

Hitachi Metals - Short Or Longer Delay