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

What We Should Know About the Nexon Inheritance Tax Dilemmas

Nexon Q2 In-Line, New Buyback Plan Too Small To Matter Near-Term

Saudi Arabia Gaming: Plans to Invest $38 Billion in Global Game Industry

Nexon - Founder Kim Jung-Ju Passes, Raises Question if Nexon Deal Is Back In Play

Quiddity Advisors

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/nexon-co-ltd" target="_blank" data-smartkarma-citation="entities:16032:1" rel="noopener">Nexon (3659 JP)</a> founder Kim Jung Ju tried to sell his holdco in 2019, didn't, now shares are higher, but he passed suddenly in Q1. The stock popped.</li>
<li>Inheritance tax issues for the estate are complicated, but the buyback just executed might signal a "pause" for a while. </li>
<li>In the meantime, recent underperformance in terms of Peer-relative earnings forecasts suggests the stock could drift.</li>
</ul>



Nexon (3659 JP) founder Kim Jung Ju tried to sell his holdco in 2019, didn't, now shares are higher, but he passed suddenly in Q1. The stock popped.
Inheritance tax issues for the estate are complicated, but the buyback just executed might signal a "pause" for a while. 
In the meantime, recent underperformance in terms of Peer-relative earnings forecasts suggests the stock could drift.


Nexon Buyback May Signal End To Near-Term Relative Outperformance