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 CorpGov] TSE "Mgmt Conscious" Reports (Apr26) - Small Updates, Several Surveys/Consultations

[Japan Event] DeNA (2432 JP) - BIG Buyback, Asset Sale, Murakami Selling, but Squeeze Building?

[Japan Event] DeNA (2432 JP) - Big Buyback Accretion Means Really Cheap (Unlevered) Bundle of Assets

[Japan CorpGov] TSE "Mgmt Conscious" Reports (Feb26) - Disappointing Case Studies, Weak Study Group

[Japan Pump 'n Dump] Murakami Group Starts Selling The Day After Reporting 5%

[Japan Event] DeNA (2432 JP) - BIG Buyback After Asset Sale, Commits to Better Capital Allocation

[Japan M&A/Activism] Toyota RE Says No Bump for Toyota Inds (6201) Part III - Elliott Makes Its Case

Quiddity Advisors

Event-Driven

<ul>
<li>The TSE's case studies and study groups proceed apace. Sometimes I fear they are missing the forest for the trees. But there is some good material in...</li>
<li>...Study Group to review Minority Shareholder Protection and other Framework of Quasi-Controlled Listed Companies TSE Explanatory Material (2) (Status of Protection of Minority Shareholders in Cases of Privatization, etc.) (<a href="https://www.jpx.co.jp/english/equities/follow-up/b5b4pj000004yqcc-att/vk0khi000000tpap.pdf" target="_blank" rel="noopener">link</a>)</li>
<li>In any case, we still always show the Corp Gov name and shame lists with details and links to every Corporate Governance Report out there. 144 new ones in February.</li>
</ul>


The TSE's case studies and study groups proceed apace. Sometimes I fear they are missing the forest for the trees. But there is some good material in...
...Study Group to review Minority Shareholder Protection and other Framework of Quasi-Controlled Listed Companies TSE Explanatory Material (2) (Status of Protection of Minority Shareholders in Cases of Privatization, etc.) (link)
In any case, we still always show the Corp Gov name and shame lists with details and links to every Corporate Governance Report out there. 144 new ones in February.


[Japan CorpGov] TSE "Mgmt Conscious" Reports (Mar26) - Disappointing Case Studies, Weak Study Group