The Tiny Trades That Brought Down Segantii’s Giant Hedge Fund
- Hedge fund sold Esprit shares one day before a block trade
- Insider-dealing case is moving to Hong Kong’s District Court
WATCH: Segantii Case Moves to District Court, Hong Kong Judge Rules
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It took just $1.14 million worth of well-timed trades to knock down one of Asia’s top hedge funds.
A Hong Kong court on Wednesday revealed how Simon Sadler’s Segantii Capital Management Ltd. allegedly used insider information to sell shares of an apparel retailer ahead of an impending block trade seven years ago.