Bank of America lacked Esprit block trade mandate during Segantii calls
Updated
Updated · Bloomberg · May 8
Bank of America lacked Esprit block trade mandate during Segantii calls
8 articles · Updated · Bloomberg · May 8
At Hong Kong's insider-trading trial, former BofA equities sales trader Anshul Trivedi gave evidence over three days about the contacts with Segantii Capital Management.
Lawyers are examining whether the bank's discussions around the Esprit Holdings deal improperly informed Segantii in the contested block trade.
The case centres on a transaction from nine years ago that derailed the career of Segantii founder Simon Sadler, once dubbed Asia's block trade king.
Is the Esprit insider trading trial about one man's greed or a broken financial system?
A hedge fund died trading its shares. Can the now-bankrupt Esprit escape the same fate?
Did a 'collective failure' at Bank of America doom one of Asia's biggest hedge funds?