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] Sankei REIT (2972) Cancels Previously Announced End-Feb Div - Outcome Murkier

[Japan M&A/Activism] Sankei REIT (2972 JP) - Fukuoka Story Changes Again and Murakami Buys More

[Japan M&A] Murakami Launches Tender on Sankei Real Estate (2972 JP) At ¥125,000/Unit

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

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

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

Quiddity Advisors

Event-Driven

<ul>
<li>Last Wednesday, the consortium bidding to buy out <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> provided an update regarding the Fukuoka Green Building. A sob story of rising costs and no revenue. </li>
<li>All known. But the basic idea is to find a reason to lower guidance for the next period started March 1 and provide fodder for a tender update. Announced 2-Feb.</li>
<li>The extension to 16 April covers the results announcement the day before. On 3 April, Murakami-san announced a 1.29% increase in holding to 17.19%. This doesn't change much except sentiment.</li>
</ul>


Last Wednesday, the consortium bidding to buy out Sankei Real Estate (2972 JP) provided an update regarding the Fukuoka Green Building. A sob story of rising costs and no revenue. 
All known. But the basic idea is to find a reason to lower guidance for the next period started March 1 and provide fodder for a tender update. Announced 2-Feb.
The extension to 16 April covers the results announcement the day before. On 3 April, Murakami-san announced a 1.29% increase in holding to 17.19%. This doesn't change much except sentiment.


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