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

Arclands (9842) Overpays for Arclands Service Holdings (3085)

Lixil Viva (3564 JP) Takeout Tender Offer

LIXIL VIVA - A Story of R&R in Japan (An IPO)

Quiddity Advisors

Event-Driven

<ul>
<li>Today, City index Eleventh, the corporate entity often used by noted activist Yoshiaki Murakami, <a href="https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100QNNV.pdf?sv=2020-08-04&amp;st=2023-05-02T07%3A05%3A51Z&amp;se=2028-05-02T15%3A00%3A00Z&amp;sr=b&amp;sp=rl&amp;sig=afARroDJk2o5pdRBn3%2BnVJYzkyd267CM8bnqEKWebfA%3D" target="_blank" rel="noopener">announced</a> (EDINET filing) they owned 1.756mm shares or 5.31% of <a href="https://www.smartkarma.com/entities/arcland-service-co-ltd" target="_blank" data-smartkarma-citation="entities:2392:1" rel="noopener">Arcland Service (3085 JP)</a> </li>
<li>In mid-April, <a href="https://www.smartkarma.com/entities/arclands-corporation" target="_blank" data-smartkarma-citation="entities:10395:1" rel="noopener">Arclands Corporation (9842 JP)</a> announced it would merge with 55%-owned restaurant subsidiary Arclands SHD. Murakami-owned 5+% of Arclands at the time. Then it sold 9842 and bought 3085.</li>
<li>This <em>looks like</em> a confusing set of moves. It is not as confusing when you think about it. He is setting up something for later.</li>
</ul>


Today, City index Eleventh, the corporate entity often used by noted activist Yoshiaki Murakami, announced (EDINET filing) they owned 1.756mm shares or 5.31% of Arcland Service (3085 JP) 
In mid-April, Arclands Corporation (9842 JP) announced it would merge with 55%-owned restaurant subsidiary Arclands SHD. Murakami-owned 5+% of Arclands at the time. Then it sold 9842 and bought 3085.
This looks like a confusing set of moves. It is not as confusing when you think about it. He is setting up something for later.


JAPAN ACTIVISM: Murakami-San Goes Substantial on Arcland SHD (3085) Ahead of Merger Vote Record Date