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

TRYT (9164) - Limit Up On Report of Round 2 Bidding; A Growth Multiple Gets You a High Price

T-Gaia (3738 JP) - Potential Premium Takeout Story Turns To An Ugly Takeunder

T-Gaia (3738 JP) - Possible Premium Takeout Story

Quiddity Advisors

Event-Driven

<ul>
<li>In early February, articles suggesting the PE owner of <a href="https://www.smartkarma.com/entities/tryt-inc" target="_blank" data-smartkarma-citation="entities:39870:1" rel="noopener">TRYT (9164 JP)</a> wanted to cash out. Performance post-IPO had been bad. Catching up to the IPO price would be tough.</li>
<li>But a second round of bidding came about, so the stock went limit up. Then it settled in the ¥480 range for three weeks. Then started to climb. </li>
<li>Now the company and its PE firm owner have announced a sale to a new PE Firm at ¥880/share. This is below IPO Price but it will get done.</li>
</ul>


In early February, articles suggesting the PE owner of TRYT (9164 JP) wanted to cash out. Performance post-IPO had been bad. Catching up to the IPO price would be tough.
But a second round of bidding came about, so the stock went limit up. Then it settled in the ¥480 range for three weeks. Then started to climb. 
Now the company and its PE firm owner have announced a sale to a new PE Firm at ¥880/share. This is below IPO Price but it will get done.


[Japan M&A] Carlyle Deal for TRYT (9164) - Great Exit for Speculators as HR Co Targets Are Desirable