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 Partial Tender] BASE (4477 JP) - We Needed Bumpity We Got Bumpitrage So What Now?

[Japan Partial Tender] BASE (4477 JP) - Maki-San Bought, Will Buy More - Prepare For Launch

[Japan Partial Tender] Maki-San Threatens BASE (4477 JP) Tender - Financial Engineering Risk Rises

[Japan Partial Tender] Update on SBI's Tender for BASE (4477 JP)

[Japan Partial Tender] SBI Launches Partial Offer for 20% of BASE (4477 JP) At ¥340 - Needs More

[Japan Partial Tender] BASE (4477 JP) Deal Update - Trading VERY Cheap

Quiddity Advisors

Event-Driven

<ul>
<li>When <a href="https://www.smartkarma.com/entities/sbi-holdings-inc" target="_blank" data-smartkarma-citation="entities:10928:1" rel="noopener">SBI Holdings (8473 JP)</a> announced at end-August they were tendering to buy 20% of <a href="https://www.smartkarma.com/entities/base-inc" target="_blank" data-smartkarma-citation="entities:28353:1" rel="noopener">BASE Inc (4477 JP)</a>, they set a short tender (20d) and zero minimum threshold.  </li>
<li>That was a VERY easy target, but I thought they would need to raise the price to get the shares they wanted. The market didn't seem to agree. </li>
<li>But SBI just extended the tender. And not because it didn't meet the minimum. Bumpity bumpity bumpity.</li>
</ul>


When SBI Holdings (8473 JP) announced at end-August they were tendering to buy 20% of BASE Inc (4477 JP), they set a short tender (20d) and zero minimum threshold.  
That was a VERY easy target, but I thought they would need to raise the price to get the shares they wanted. The market didn't seem to agree. 
But SBI just extended the tender. And not because it didn't meet the minimum. Bumpity bumpity bumpity.


[Japan Partial Tender] BASE (4477 JP) - SBI Extends on Zero Minimum. Bumpity Bumpity Bumpity