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

Quiddity Advisors

Equity Capital Markets

Sotetsu Holdings / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/sotetsu-holdings-inc" target="_blank" data-smartkarma-citation="entities:20274:1" rel="noopener">Sotetsu Holdings (9003 JP)</a> today announced a large-ish secondary equity offering - 10% of shares out and 20% of Max Real World Float. </li>
<li>This is crossholders selling down roughly 30% of what they own. Sotetsu announced a buyback for a quarter of the offering over the next six months.</li>
<li>The shareholder structure and distribution within Max Real World Float tells you all you need to know.</li>
</ul>



Sotetsu Holdings (9003 JP) today announced a large-ish secondary equity offering - 10% of shares out and 20% of Max Real World Float. 
This is crossholders selling down roughly 30% of what they own. Sotetsu announced a buyback for a quarter of the offering over the next six months.
The shareholder structure and distribution within Max Real World Float tells you all you need to know.


Sotetsu Holdings (9003) - Crossholders Sell Down - Big ADV Multiple, Low Earnings Multiple, Boring