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

Nikkei 225 (NKY) Outlook After Surprise Nov 5 Rebalance

A Special Cross Asset Morning Update: Nidec, Ibiden, and BoJ This Week

HSBC - 3Q25 Results Are Out, Major Deterioration in Credit Metrics

The Oct 2025 TOPIX FFW Rebal - $35bn of Flows To Trade

Who Owns Nidec (6594 JP) And How Much Could Be For Sale?

TOPIX Inclusions: Who Is Ready (Oct 2025)

Quiddity JPX-Nikkei 400 Rebal 2026: End-Sep 2025 Ranks

Quiddity Advisors

Index Rebalance

<ul>
<li>In June, <a href="https://www.smartkarma.com/entities/nidec-corp" target="_blank" data-smartkarma-citation="entities:7245:1" rel="noopener">Nidec Corp (6594 JP)</a> announced they would delay the release of their yuho for three months because of an internal investigation into NIDEC FIR INTERNATIONAL (Italy).</li>
<li>In September they launched a special committee. Shares fell 22%. Last Thursday, the company cancelled its interim dividend. Today, the JPX designated Nidec as Security on Special Alert.</li>
<li>This is a VERY BIG DEAL. Nikkei225 deletes Nidec 5-Nov-2025, replaced by <a href="https://www.smartkarma.com/entities/ibiden-co-ltd" target="_blank" data-smartkarma-citation="entities:16630:1" rel="noopener">Ibiden Co Ltd (4062 JP)</a> (PAF 1.0x). Designation also triggers TOPIX deletion for Nidec, likely on 30 October. </li>
</ul>


In June, Nidec Corp (6594 JP) announced they would delay the release of their yuho for three months because of an internal investigation into NIDEC FIR INTERNATIONAL (Italy).
In September they launched a special committee. Shares fell 22%. Last Thursday, the company cancelled its interim dividend. Today, the JPX designated Nidec as Security on Special Alert.
This is a VERY BIG DEAL. Nikkei225 deletes Nidec 5-Nov-2025, replaced by Ibiden Co Ltd (4062 JP) (PAF 1.0x). Designation also triggers TOPIX deletion for Nidec, likely on 30 October. 


[Japan Special] Ibiden (4062) Replaces Nidec (6594) In Nikkei 225 on Accounting - A VERY BIG DEAL