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

Taisho Pharma (4581) - Slouching Activism May Not Get This Bumped

Taisho Pharma (4581 JP) - Japan's Newest Biggest MBO; The Price Is Light!

Quiddity Advisors

Event-Driven

Taisho Pharmaceutical Holdin / Event-Driven

<ul>
<li>Japan Catalyst Fund is a relatively young effort in the Japan "engagement activism" space, having been founded by Monex Group in September 2019. Total assets remain apparently small.</li>
<li>Championed by Monex Group founder Oki Matsumoto, despite small AUM, the fund has decent access. As of end-October, <a href="https://www.smartkarma.com/entities/taisho-pharmaceutical-holdin" target="_blank" data-smartkarma-citation="entities:3774:1" rel="noopener">Taisho Pharmaceutical Holdings (4581 JP)</a> was #5 and 5.26%. Now it's #2.</li>
<li>Friday, they released a statement about the MBO. It isn't a barn-burner, but the stock has traded through terms since announcement at a too-low price. And nobody else has commented.</li>
</ul>


Japan Catalyst Fund is a relatively young effort in the Japan "engagement activism" space, having been founded by Monex Group in September 2019. Total assets remain apparently small.
Championed by Monex Group founder Oki Matsumoto, despite small AUM, the fund has decent access. As of end-October, Taisho Pharmaceutical Holdings (4581 JP) was #5 and 5.26%. Now it's #2.
Friday, they released a statement about the MBO. It isn't a barn-burner, but the stock has traded through terms since announcement at a too-low price. And nobody else has commented.


Japan Activism:  Japan Catalyst Fund Calls Out Taisho Pharma Committee on MBO Price