Hong Kong-headquartered hedge fund Segantii Capital Management is returning money to investors this week.
The decision has been made after, on May 2, Hong Kong's Securities and Futures Commission SFC started criminal proceedings against Hong Kong-based hedge fund Segantii Capital Management, its director and chief investment officer Simon Sadler, and former trader Daniel La Rocca, for insider dealing in the shares of a company listed on the Hong Kong Stock Exchange HKEX prior to a block trade in June 2017. The name of the company was not identified by the SFC.
No plea was taken when the defendants appeared at the Eastern Magistrates’ Court on...
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