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

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/tecnos-japan-inc" target="_blank" data-smartkarma-citation="entities:5167:1" rel="noopener">Tecnos Japan (3666 JP)</a> decided it wanted to go private. It has a bunch of large shareholders and a lot of retail, and was getting kicked out of TOPIX.</li>
<li>An activist bought 6% last spring, Tecnos conducted a bidding process last fall. Ant Capital won. The activist has 10+% now. They and two others with 25% agreed to tender.</li>
<li>This should get done easily. It is not expensive, but an auction is good process and should be a model for deals done in future.</li>
</ul>



Tecnos Japan (3666 JP) decided it wanted to go private. It has a bunch of large shareholders and a lot of retail, and was getting kicked out of TOPIX.
An activist bought 6% last spring, Tecnos conducted a bidding process last fall. Ant Capital won. The activist has 10+% now. They and two others with 25% agreed to tender.
This should get done easily. It is not expensive, but an auction is good process and should be a model for deals done in future.


Tecnos Japan (3666 JP) - Small Cap IT Consultant Goes Private - Activist Pitches In