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

TOPIX Inclusions: Who Is Ready (Nov 2025)

Quiddity Leaderboard TDIV Dec25: ~US$3bn One-Way; Some Changes to Expectations; New Ideas

Quiddity Leaderboard T50/​​​100 Dec25: High-Impact Passive Sell-Off for Shanghai Commercial (5876)

Quiddity Advisors

Event-Driven

<ul>
<li>Back in mid-August, <a href="https://www.smartkarma.com/entities/bengo4-com-inc" target="_blank" data-smartkarma-citation="entities:20383:1" rel="noopener">Bengo4.Com Inc (6027 JP)</a> (<em>"Bengoshi.com"</em>) announced that it had applied to transfer to TSE Prime. 3+mos later, today it announced it will move on 4 Dec 2025.</li>
<li>That sets up a TOPIX inclusion for end-January 2026 and then a likely upweight at end-April 2026.</li>
<li>There is no accompanying offering, and the float is likely small. But the inclusion displaces the current active base. And there's at least one large holder selling recently.</li>
</ul>


Back in mid-August, Bengo4.Com Inc (6027 JP) ("Bengoshi.com") announced that it had applied to transfer to TSE Prime. 3+mos later, today it announced it will move on 4 Dec 2025.
That sets up a TOPIX inclusion for end-January 2026 and then a likely upweight at end-April 2026.
There is no accompanying offering, and the float is likely small. But the inclusion displaces the current active base. And there's at least one large holder selling recently.


[Quiddity Index] Bengo4.com (6027 JP) To TSE Prime and TOPIX Inclusion