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.