-- To the outside world, Simon Sadler was the “block-trade king” in Asia, running a hedge fund that produced stellar returns for many years. Inside his firm’s Hong Kong headquarters, it was a pressure cooker for investment staff.Sadler’s Segantii Capital Management Ltd. has long played a vital role helping Wall Street banks unload chunks of stock, dominating one of the market’s last old-school businesses by what colleagues described as Sadler’s sheer force of will.
Sadler, a former trader at Dresdner Kleinwort Wasserstein and Deutsche Bank AG, founded the firm in Hong Kong in late 2007 with $26.5 million. He built Segantii into a regional giant with offices in London, New York and Dubai, trading globally with a focus on Asia-Pacific equities and equity-linked securities. The firm had $4.8 billion in assets under management at the end of March. In recent years, Sadler’s profile grew beyond finance after he bought the UK’s Blackpool Football Club in 2019.
In Hong Kong, banks have discretion over which investors to allocate shares to in block trades and institutional tranches of other equity markets deals. Segantii’s multistrategy fund has suffered only two small annual losses in more than 16 years of operations. The track record made it one of the most consistent performers in the regional hedge fund industry.
Simon Sadler Hong Kong Block Trades Block Trade Wall Street Banks Hedge Fund Investment Staff Daniel La Rocca Insider Trading
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Source: CBCNews - 🏆 2. / 99 Read more »