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

JSR (4185 JP) - Launch of The Official Tender Offer (And the Double Arb)

JSR (4185 JP) - Activist Murakami-San Goes to 5+%! Bumpitrage? Appraisal Rights? A Technicality?

Quiddity Advisors

Event-Driven

<ul>
<li>Today after the close, the <a href="https://ssl4.eir-parts.net/doc/4185/ir_material4/227807/00.pdf" target="_blank" rel="noopener">results</a> of the <a href="https://www.smartkarma.com/entities/jsr-corp" target="_blank" data-smartkarma-citation="entities:17620:1" rel="noopener">JSR Corp (4185 JP)</a> Tender Offer were announced. Bidco JICC-02 obtained 84.36% of the shares out in the Tender Offer. </li>
<li>That means imminent index downweights, delayed index downweights, and theoretically another selldown on the last day of listed existence. </li>
<li>News which came up since the start of the Tender Offer make this a little more difficult than it might have otherwise been. </li>
</ul>


Today after the close, the results of the JSR Corp (4185 JP) Tender Offer were announced. Bidco JICC-02 obtained 84.36% of the shares out in the Tender Offer. 
That means imminent index downweights, delayed index downweights, and theoretically another selldown on the last day of listed existence. 
News which came up since the start of the Tender Offer make this a little more difficult than it might have otherwise been. 


JSR (4185) - Deal Done, Now Back End Arbs Need To Be Card Counters