Nancy Fei
The Securities and Futures Commission has initiated insider-dealing prosecution against Segantii Capital Management and its chief investment officer.
The accusations involved trading in the shares of a company listed on the Hong Kong Stock Exchange prior to a significant transaction in June 2017.
The hearing for the case was adjourned to June 12.
Known to be one of the city’s most high-profile hedge funds, Segantii was often acknowledged for its role in assisting banks in successfully executing difficult deals. Last December, South Korean regulators imposed a fine of 1.48 billion won (HK$8.41 million) on Segantii for some hedging trades.
The individuals involved have been granted bail. Citing legal proceedings being underway, the SFC refrained from making further comments.