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 Activism] Activists Control Sanken (6707 JP) Going Forward - Watch For Better Plans

Effissimo, Sanken, and Allegro - Thinking About the Future

Effissimo Launches Unsolicited/Hostile Partial Tender On Sanken Electric

Quiddity Advisors

Event-Driven

<ul>
<li>In April I wrote <a href="https://www.smartkarma.com/entities/sanken-electric-co-ltd" target="_blank" data-smartkarma-citation="entities:6073:1" rel="noopener">Sanken Electric (6707 JP)</a> vs <a href="https://www.smartkarma.com/entities/allegro-microsystems-inc" target="_blank" data-smartkarma-citation="entities:29707:1" rel="noopener">Allegro MicroSystems (ALGM US)</a> was attractive as a situation but the spread could be wider. I also noted two activists controlled 45%.</li>
<li>Two weeks later, one activist sold 6%. Presumably they have sold the rest. But now the spread is much wider AND Allegro has fallen sharply off highs. </li>
<li>Allegro is adjacent to the AI data centre play, making sensor ICs for power management functions. Other affiliate Polar makes more power chips. Sanken's cheap here.</li>
</ul>


In April I wrote Sanken Electric (6707 JP) vs Allegro MicroSystems (ALGM US) was attractive as a situation but the spread could be wider. I also noted two activists controlled 45%.
Two weeks later, one activist sold 6%. Presumably they have sold the rest. But now the spread is much wider AND Allegro has fallen sharply off highs. 
Allegro is adjacent to the AI data centre play, making sensor ICs for power management functions. Other affiliate Polar makes more power chips. Sanken's cheap here.


[Japan Activism] Activists Control LESS of Sanken (6707) Now - But Spread Is Wide and ALGM Grows