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

Raysum (8890 JP) Mystery Bidder Is a Hedge Fund - And That Makes It More Interesting

Raysum Co Ltd (8890 JP): Q1 FY03/25 flash update

Raysum (8890 JP) Own Share Tender - Big Accretive Buyback

Quiddity Advisors

Event-Driven

<ul>
<li>The change in control of <a href="https://www.smartkarma.com/entities/raysum-co-ltd" target="_blank" data-smartkarma-citation="entities:6084:1" rel="noopener">Raysum Co Ltd (8890 JP)</a> has a complex backstory. But one week shy of two years ago, Oasis launched a buyout to own 65%.</li>
<li>The company had a strong MTMP. Oasis paid ¥1,700/share to own 65%. The MTMP came through, there was an offering, and it stayed near ¥3,000/share. </li>
<li>Now <a href="https://www.smartkarma.com/entities/hulic-co-ltd" target="_blank" data-smartkarma-citation="entities:388:1" rel="noopener">Hulic Co Ltd (3003 JP)</a> has come out with a Tender Offer to buy the company for ¥5,913/share. That's a 94% premium and 3.5x what Oasis paid 2yrs ago.</li>
</ul>


The change in control of Raysum Co Ltd (8890 JP) has a complex backstory. But one week shy of two years ago, Oasis launched a buyout to own 65%.
The company had a strong MTMP. Oasis paid ¥1,700/share to own 65%. The MTMP came through, there was an offering, and it stayed near ¥3,000/share. 
Now Hulic Co Ltd (3003 JP) has come out with a Tender Offer to buy the company for ¥5,913/share. That's a 94% premium and 3.5x what Oasis paid 2yrs ago.


ヒューリック（3003）がレイサム（8890）を買収するTOBを開始 - 健全なガバナンスとアクティビズムにとって大きな勝利