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

NTT (9432) To Overpay To Take Over NTT Data (9613) Subsidiary?

[Japan M&A] NTT (9432) Overpays To Buy Out NTT Data (9613) Minorities

Nikkei 225 Proposal for Dealing With Sony's (6758) Sony Finl Spinoff - A Non-Event but TOPIX Isn't

Nikkei 225 Sep25 Rebal: One ADD, One DELETE Still Probable Unless Kokusai Elec (6525) Offering/Split

China A-Share Consumer Staples: An Analysis of the Opportunities Ahead

Nikkei 225 Sep25 Rebal: One ADD, One DELETE Probable - Less Interesting Than Before

Quiddity Advisors

Index Rebalance

<ul>
<li>The March 2025 Nikkei 225 review came out with a sparse set of changes. That gives us hints for the September 2025 review.</li>
<li>For the moment, that leads me to believe we get ONE ADD and ONE DELETE though up to three of each is possible. </li>
<li>Even with only one name replacement, there are some big side trades and US$3.2bn a side to trade for now.</li>
</ul>


The March 2025 Nikkei 225 review came out with a sparse set of changes. That gives us hints for the September 2025 review.
For the moment, that leads me to believe we get ONE ADD and ONE DELETE though up to three of each is possible. 
Even with only one name replacement, there are some big side trades and US$3.2bn a side to trade for now.


Pan Pacific International Holdings (7532 JP)

Nikkei 225 Sep25 Rebal: One ADD, One DELETE Still Probable, Kokusai a Question but $3bn+ a Side

BayCurrent Consulting

Nikkei 225 Sep25 Rebal: One ADD, One DELETE Still Probable, Kokusai a Question but $3bn+ a Side