BofA Halts Equity Trading With Segantii on Block Trade Concerns
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Bank of America Corp. has suspended equity trading with hedge fund Segantii Capital Management over concerns related to its wagers on large stock sales, according to people familiar with the matter.
The bank made the decision to sever such activity in early 2021, one of the people said, asking not to be identified discussing private information. Citigroup has also suspended equity trading with Segantii though continues to trade with it in other financial instruments, according to the Financial Times, which first reported both the moves Wednesday.