Reported 10 months ago
Segantii Capital Management Ltd. has repaid about one-third of its $4.7 billion in assets under management to investors and plans to return the remaining capital in two more installments, following an insider dealing charge that led to the winding down of the Asia hedge fund. The Hong Kong-based firm also laid off numerous employees, including operational, trading, and investment staff, amidst criminal proceedings initiated by Hong Kong authorities against the company, its founder, and a former trader. The defendants are set to appear in a Hong Kong District Court to face charges related to insider trading.
Source: YAHOO