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

TSI Holdings (3608) - Yet Another Big Buyback; Still Good, Still Cheap, Now W/ Engagement Investors

October 2023 TOPIX Free Float Review - $22.6bn to Trade and JPB (7182) The Biggie

Japan Post Bank (7182) October TOPIX FFW Upweight Upon Us

JSR (4185 JP): Inpria Acquisition Lays Out 10-Year Photoresist Roadmap

JIC Launches a NOT-¥1trln Tender Offer for JSR (4185). Welcome? Yes. Overwhelming? Meh.

JIC To Launch ¥1 Trillion Takeover on JSR (4185)

Quiddity Advisors

Event-Driven

<ul>
<li>In the last week of June, Japanese government-affiliated Japan Investment Corp ("JIC") announced it would take over <a href="https://www.smartkarma.com/entities/jsr-corp" target="_blank" data-smartkarma-citation="entities:17620:1" rel="noopener">JSR Corp (4185 JP)</a>. A "surprise" but perhaps not totally. </li>
<li>It traded tight, then it traded back out. Then worse. Then worse again. There were good reasons for this. There were perhaps less good reasons too. </li>
<li>FUD and Flows mean that it is likely to continue to trade wide for the near future.</li>
</ul>


In the last week of June, Japanese government-affiliated Japan Investment Corp ("JIC") announced it would take over JSR Corp (4185 JP). A "surprise" but perhaps not totally. 
It traded tight, then it traded back out. Then worse. Then worse again. There were good reasons for this. There were perhaps less good reasons too. 
FUD and Flows mean that it is likely to continue to trade wide for the near future.


JSR (4185 JP) Takeover - Why So Wide? FUD and Flows