Reported 5 months ago
Segantii Capital Management Ltd., one of Asia's largest hedge funds managing nearly $5 billion in assets, is closing and returning capital to investors following an insider trading charge in Hong Kong. The fund's closure was prompted by concerns of significant redemptions, with about 140 employees impacted and redemptions suspended. The company faces legal action and plans to defend itself against the charges, while also focusing on returning cash to investors in an orderly manner.
Source: YAHOO