featured-image

(Bloomberg) -- Segantii Capital Management Ltd. has returned more than 90% of its client capital, according to people familiar with the matter, less than two months after the hedge-fund firm told investors that it would give them back their money. Most Read from Bloomberg The multistrategy hedge fund, which had $4.

7 billion in assets under management at the end of May, returned about a third of its capital last month, Bloomberg News reported earlier. The second repayment took place in the past few days, said the people familiar with the matter, who asked not to be identified discussing private information. A third and final installment is expected to take place by October.



Segantii didn’t respond to a message seeking comment. Hong Kong-based Segantii, its founder Simon Sadler and ex-trader Daniel La Rocca have been accused of insider dealing ahead of a block trade in 2017. The city’s Securities and Futures Commission said in early May that it had commenced criminal proceedings against the trio.

While the case has yet to go to trial, it has brought an abrupt end to Segantii’s 16-year run as one of the biggest and most consistent performers in Asia’s hedge fund industry. Segantii started off with $26 million in late 2007 and oversaw as much as $6.2 billion in assets under management in 2021.

The hedge fund focused on Asia-Pacific equities and equity-linked securities, and also traded globally. Segantii gained a reputation as Asia’s block-trade king, and was the first .

Back to Fashion Page