Updated
Updated · Bloomberg · Jun 2
Segantii Founder Simon Sadler Details 2017 Stress in Hong Kong Insider-Trading Trial
Updated
Updated · Bloomberg · Jun 2

Segantii Founder Simon Sadler Details 2017 Stress in Hong Kong Insider-Trading Trial

1 articles · Updated · Bloomberg · Jun 2
  • Second-day testimony from Simon Sadler focused on mounting personal and professional stress in 2017, the year Segantii is accused of trading on inside information tied to Esprit Holdings.
  • Hong Kong prosecutors are challenging a series of Esprit trades made 9 years ago, making Sadler’s account part of the defense effort to explain the circumstances around the transactions.
  • Sadler was the first witness called by defense lawyers after about a month of prosecution testimony that included two former Bank of America traders.
  • The closely watched case centers on whether Segantii Capital Management used nonpublic information in the Esprit trades, with Sadler’s evidence now testing the prosecution’s narrative.
Is a hedge fund founder the villain, or a scapegoat for a major bank’s 'collective failure'?
Why did a single trade bring down the hedge fund of Asia’s so-called 'block trade king'?