JPMorgan, Nomura Limit Segantii Exposure on Hong Kong Case
- JPMorgan suspends dealing with Segantii on block trades, IPOs
- Banks are two of multiple prime brokers used by hedge fund
This article is for subscribers only.
JPMorgan Chase & Co. and Nomura Holdings Inc. are limiting dealings with Simon Sadler’s Segantii Capital Management Ltd., the Asian hedge fund giant charged with insider trading by authorities in Hong Kong, according to people familiar with the matter.
New York-based JPMorgan won’t engage with Segantii on new block trades and initial public offerings globally, some of the people said, who asked not to be identified discussing a private matter. The bank will also refrain from activities such as adding new positions with the hedge fund or providing it with more financing.