Segantii Capital Management

Segantii Capital Management (Segantii) was a hedge fund management firm headquartered in Hong Kong. The firm developed a multi-strategy investment approach and is known as one of the biggest players in Asia for block trades.

Its founder and owner was Simon Sadler, who also owns Blackpool Football Club.

Background

Segantii was founded in 2007 by Simon Sadler. Sadler was previously the head of Asian equity trading for HSBC Securities in Hong Kong.[2][3][4][5] Sadler currently holds a 75% stake in the firm.[6]

In 2008, when Asian hedge funds lost 20% due to the 2008 financial crisis, Segantii had a return of 23.8%.[3]

In 2011, Segantii had a return of 40.75% when the Eurekahedge Asian index fell 7.4%.[3]

In 2014, after two straight years of underperformance, the firm was hit with the resignation of six employees including its chief operating officer.[3]

The firm's flagship fund is the Asia-Pacific Equity Multi-Strategy Fund. The fund employs two strategies, relative value and event-driven. In 2018, it posted a return of 11.36% and an annualized return of 17.6% over the past five years.[5][7][8]

According to former employees and counterparties, the culture at Segantii has been described as hard charging.[2]

In January 2024, Segantii's assets declined to about $4.8 billion resulting from investors withdrawing their capital due to poor performance. This was the second time the firm recorded an annual loss with the first being in 2013. [9]

Towards the end of May 2024, Sadler told investors that Sengatii will be closing its hedge fund. This came a few weeks after Hong Kong authorities charged the firm with insider trading. Clients had asked to withdraw almost US$ 1 billion from the fund.[10]

Regulatory issues

External links