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

The BOJ Announces the Start of ETF/JREIT Selldowns - Basically a Nothing-Burger

The Oct 2025 TOPIX FFW Rebal - $35bn of Flows To Trade

[Japan Special] Ibiden (4062) Replaces Nidec (6594) In Nikkei 225 on Accounting - A VERY BIG DEAL

[Japan Event/Buyback] The Sony Financial Spinoff - 'Maybe' BUYBACK Complicates Planning

[Quiddity Index] Nikkei 225 Sep25 Review: Shift (3697) In, Citizen Watch (7762) Out. Kokusai Misses

The Japan March-End Rebal and Dividend Trade

[Quiddity Index] The Sony Financial Spinoff - What To Do?

Quiddity Advisors

Event-Driven

<ul>
<li>Every year it's the same trade. But sometimes it is not. This year it is Friday and Monday. Or not. Historically, the day before ex-date and ex-date see outright performance.</li>
<li>The month-end and quarter-end bring big flows, or not, depending on how things have gone. This year they have gone well for equities, so odds are flows are smaller.</li>
<li>Over the past 10 years or so, the two-day return on the <em>March</em> trade is pretty good. The September trade appears to be more mixed. </li>
</ul>


Every year it's the same trade. But sometimes it is not. This year it is Friday and Monday. Or not. Historically, the day before ex-date and ex-date see outright performance.
The month-end and quarter-end bring big flows, or not, depending on how things have gone. This year they have gone well for equities, so odds are flows are smaller.
Over the past 10 years or so, the two-day return on the March trade is pretty good. The September trade appears to be more mixed. 


The 2025 Japan September-End Rebal and Dividend Trade

BayCurrent Consulting

The 2025 Japan September-End Rebal and Dividend Trade