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 Activism] DeNA Attracts Murakami Group - Potentially Squeezable With Reason

DeNA (2432) Buyback - Accretive on a Low Leverage Business Which Will Grow In Time

Quiddity Advisors

Equity Bottom-Up

<ul>
<li>On 20 October, Murakami Group reported they'd gone over 5% in cash/asset-rich <a href="https://www.smartkarma.com/entities/dena-co-ltd" target="_blank" data-smartkarma-citation="entities:747:1" rel="noopener">DeNA (2432 JP)</a>. Not easy with insiders+Crossholders at 39%, passive at 24%. But not impossible. </li>
<li>On 30 October, they reported they'd gone to 6.31% on 23 October (four days before they reported the 5%. </li>
<li>As reported here before, Murakami-san sometimes does what might charitably be called a headfake, less charitably a Pump 'n Dump. </li>
</ul>


On 20 October, Murakami Group reported they'd gone over 5% in cash/asset-rich DeNA (2432 JP). Not easy with insiders+Crossholders at 39%, passive at 24%. But not impossible. 
On 30 October, they reported they'd gone to 6.31% on 23 October (four days before they reported the 5%. 
As reported here before, Murakami-san sometimes does what might charitably be called a headfake, less charitably a Pump 'n Dump. 


[Japan Pump 'n Dump] Murakami Group Starts Selling The Day After Reporting 5%