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 Event] Rakuten Fintech Group Restructuring - Dirty Deeds Done Unto Rakuten Bank (5838)

Mizuho Financial Group (8411 JP) Tactical View: Buy The Dip Now?

[Japan Event] Rakuten (4755) Fintech Group Led By Rakuten Bank (5838) Gets Bigger and Keeps 20% ROE

[Japan Event] Rakuten Bank (5838) - New Fintech Holding Would Be Positive IF Done Right

Quiddity JPX-Nikkei 400 Rebal 2026: End-Feb 2026 Ranks

Quiddity Advisors

Event-Driven

<ul>
<li>A weekend <a href="https://www.yomiuri.co.jp/economy/20260516-GYT1T00330/" target="_blank" rel="noopener">report</a> suggested <a href="https://www.smartkarma.com/entities/mizuho-financial-group-inc" target="_blank" data-smartkarma-citation="entities:219:1" rel="noopener">Mizuho Financial Group (8411 JP)</a> might invest in <a href="https://www.smartkarma.com/entities/rakuten-bank-ltd" target="_blank" data-smartkarma-citation="entities:35638:1" rel="noopener">Rakuten Bank (5838 JP)</a> when a Rakuten Financial Group is formed. They own 14.99% of Rakuten Card. </li>
<li>The story suggested Mizuho would swap that stake for a stake in Rakuten Bank. Mizuho Securities (which eclipsed Daiwa Securities last year) would keep its 49% stake in Rakuten Securities.</li>
<li>This un-complicates things slightly, and suggests earlier analysis was roughly right. Rakuten Bank jumped 10%. It's up again today. Expect a decision on Rakuten FG this month.</li>
</ul>


A weekend report suggested Mizuho Financial Group (8411 JP) might invest in Rakuten Bank (5838 JP) when a Rakuten Financial Group is formed. They own 14.99% of Rakuten Card. 
The story suggested Mizuho would swap that stake for a stake in Rakuten Bank. Mizuho Securities (which eclipsed Daiwa Securities last year) would keep its 49% stake in Rakuten Securities.
This un-complicates things slightly, and suggests earlier analysis was roughly right. Rakuten Bank jumped 10%. It's up again today. Expect a decision on Rakuten FG this month.


[Japan Event] Rakuten Bank (5838) - "Exciting" Mizuho News Doesn't Do Much But Expect More News Soon