HONG KONG — A high-profile court case brought by Hong Kong’s financial watchdog against a local hedge fund has thrown a spotlight on market-moving block trading. Hong Kong has recently stepped up regulation of this market practice, which is little known among small investors.
Hong Kong’s Securities and Futures Commission (SFC) is taking Segantii Capital Management to court, alleging that it engaged in insider trading of shares of Esprit Holding, a clothing company.