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 M&A/Activism] Murakami Bought, Squeezed, Now Tender Closing

[Japan M&A/Activism] Sankei REIT (2972 JP) - Deal Extended, Div Added (2.2% "Bump") BUT... Murakami!

[Japan M&A/Activism] Sankei REIT (2972)  Extended, and Murakami-San Buys More But...

Sankei Real Estate (2972) Sponsor Buy Now On And It Isn't Small (Even if the REIT Is)

[Japan M&A] Tosei & GIC Bid for Office-Heavy Sankei REIT (2972 JP) At 1.15x PNAV

Sponsor of Sankei Real Estate (2972) To Buy More Units in Revival Plan

Quiddity Advisors

Event-Driven

<ul>
<li>Friday after the close, City Index Eleventh announced that it and joint holders held 7.36% of <a href="https://www.smartkarma.com/entities/sankei-real-estate-inc" target="_blank" data-smartkarma-citation="entities:35239:1" rel="noopener">Sankei Real Estate (2972 JP)</a> which is currently undergoing a Tender Offer.</li>
<li>I had said at the beginning this might need a bump. Units opened just above terms on Day 1, stayed at or around. Now they are trading 7% through.</li>
<li>Murakami group likely controls the outcome here. That could mean a bump. It could mean buying into the bidco as a silent partner. Think of what you'd rather own.</li>
</ul>


Friday after the close, City Index Eleventh announced that it and joint holders held 7.36% of Sankei Real Estate (2972 JP) which is currently undergoing a Tender Offer.
I had said at the beginning this might need a bump. Units opened just above terms on Day 1, stayed at or around. Now they are trading 7% through.
Murakami group likely controls the outcome here. That could mean a bump. It could mean buying into the bidco as a silent partner. Think of what you'd rather own.


[Japan M&A/Activism] Murakami Group Jump into Sankei REIT (2972) Complicating Things