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

Proto Corp (4298 JP) - Activists Getting More Activish, Watch for Position Changes?

[Activism Japan] Proto Corp (4298 JP) - Kaname Capital Files an Injunction? Bold Strategy, Cotton...

Proto Corp (4298) - MBO After Restatement Scandal Is Opportunistic at ¥2,100 (+64%)

Quiddity Advisors

Event-Driven

<ul>
<li>When the deal was announced, I wrote that the MBO for <a href="https://www.smartkarma.com/entities/proto-corp" target="_blank" data-smartkarma-citation="entities:2511:1" rel="noopener">Proto Corp (4298 JP)</a> was opportunistic and was possibly "vulnerable" to activist attentions (original insight <a href="https://www.smartkarma.com/insights/proto-corp-4298-mbo-after-restatement-scandal-is-opportunistic-at-2-100-64" target="_blank" rel="noopener">here</a>).</li>
<li>On the 17th, one large active holder Ancient Arts LP filed an amendment to their Large Shareholder Filing showing a change in Reason for Investment. </li>
<li>On the 18th of Feb, top independent shareholder Kaname Capital reported an increase in stake and sent Open Letters which appear only now to be circulating. It's worth a look.</li>
</ul>


When the deal was announced, I wrote that the MBO for Proto Corp (4298 JP) was opportunistic and was possibly "vulnerable" to activist attentions (original insight here).
On the 17th, one large active holder Ancient Arts LP filed an amendment to their Large Shareholder Filing showing a change in Reason for Investment. 
On the 18th of Feb, top independent shareholder Kaname Capital reported an increase in stake and sent Open Letters which appear only now to be circulating. It's worth a look.


Proto Corp (4298) - Large Active Holders Going Activish-Y