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

Quiddity Advisors

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/tokyo-steel-mfg-co-ltd" target="_blank" data-smartkarma-citation="entities:16195:1" rel="noopener">Tokyo Steel Mfg (5423 JP)</a> has long been known as a largely underperforming steel manufacturer, owned by a family which doesn't push, but the company has cash and securities.</li>
<li>Last autumn, as the stock reached a two-year low, one or more Iketani family members appear to have sold 6+% of Tokyo Steel to the family asset management Co.</li>
<li>Family ownership appears to have 53% of the company, making activism a tough row to hoe. But a noted activist just showed up as a 6+% shareholder for end-March. </li>
</ul>



Tokyo Steel Mfg (5423 JP) has long been known as a largely underperforming steel manufacturer, owned by a family which doesn't push, but the company has cash and securities.
Last autumn, as the stock reached a two-year low, one or more Iketani family members appear to have sold 6+% of Tokyo Steel to the family asset management Co.
Family ownership appears to have 53% of the company, making activism a tough row to hoe. But a noted activist just showed up as a 6+% shareholder for end-March. 


[Japan Activism] An Odd Little Activism on Tokyo Steel (5423 JP)