Index Rebal Trades & Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Equity Analyst with 10+ years experience in fundamental and event-driven research.

On Smartkarma, I mainly publish insights on index flow events. This includes predicting regular and intra-review index changes and formulating market-neutral trading strategies based on flow catalysts. I also cover special situations such as mergers & acquisitions, equity offerings, buybacks, and other corporate restructuring events.

Index Rebal Trades & Special Situations

TOPIX Inclusions: Who Is READY? 4.1 - Quick Update

Mercari (4385) Applying for TSE Prime Means TOPIX Inclusion in 4-5 Months

Mercari – US GMV Is Downside Risk but Profitability Is a Larger Upside Risk

Freee (4478) | 47% Revenue Growth....in Japan!

Freee: Ninja Sign Helps Strong Growth in Paying Users; Current Multiples Offer Good Entry

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

Quiddity Advisors

Pan-Asia Catalysts/Events

Event-Driven

<ul>
<li>In <a href="https://www.smartkarma.com/insights/topix-inclusions-who-is-ready-4-0" target="_blank" data-smartkarma-citation="insights:61777" rel="noopener">TOPIX Inclusions: Who Is READY? 4.0</a>, I identified <a href="https://www.smartkarma.com/entities/freee-kk" target="_blank" data-smartkarma-citation="entities:28424:1" rel="noopener">freee (4478 JP)</a> as a potential TOPIX Inclusion candidate based on their ability to satisfy key Section Transfer Requirements.</li>
<li>Previously, I have discussed a pair trade involving <a href="https://www.smartkarma.com/entities/freee-kk" target="_blank" data-smartkarma-citation="entities:28424:1" rel="noopener">freee (4478 JP)</a> and its close competitor <a href="https://www.smartkarma.com/entities/money-forward-inc" target="_blank" data-smartkarma-citation="entities:25919:1" rel="noopener">Money Forward (3994 JP)</a> in <a href="https://www.smartkarma.com/insights/topix-inclusion-money-forward-3994-could-outperform-freee-4478-until-end-of-month" target="_blank" data-smartkarma-citation="insights:54585" rel="noopener">TOPIX Inclusion: Money Forward (3994) Could Outperform Freee (4478)</a>.</li>
<li>Below is a look at the reasons for why the timing might be good for reversing this Trade and going <strong>LONG Freee - SHORT Money Forward.</strong>
</li>
</ul>


In TOPIX Inclusions: Who Is READY? 4.0, I identified freee (4478 JP) as a potential TOPIX Inclusion candidate based on their ability to satisfy key Section Transfer Requirements.
Previously, I have discussed a pair trade involving freee (4478 JP) and its close competitor Money Forward (3994 JP) in TOPIX Inclusion: Money Forward (3994) Could Outperform Freee (4478).
Below is a look at the reasons for why the timing might be good for reversing this Trade and going LONG Freee - SHORT Money Forward.



TOPIX Inclusion Pre-Event Pair Trade: LONG Freee - SHORT Money Forward

Freee KK

TOPIX Inclusion Pre-Event Pair Trade: LONG Freee - SHORT Money Forward