Segantii Capital Management
TypePrivate
IndustryHedge fund
Founded2007 (2007)
FounderSimon Sadler
HeadquartersHong Kong
Key people
Kurt Ersoy (CEO)
AUMUS$7 billion (April 2023)[1]
Websitesegantii.com
Footnotes / references
[2]

Segantii Capital Management (Segantii) is a hedge fund management firm based in Hong Kong. The firm invests deploys a multi-strategy investment approach and is known as one of the biggest players in Asia for block trades.

Its founder and owner is Simon Sadler, who also owns Blackpool Football Club.

Background

Segantii was founded in 2007 by Simon Sadler. Sadler was previously the head of Asian equity trading for HSBC Securities in Hong Kong.[3][4][5][6]

In 2008, when Asian hedge funds lost 20% due to the 2007–2008 financial crisis, Segantii had a return of 23.8%.[4]

In 2011, Segantii had a return of 40.75% when the Eurekahedge Asian index fell 7.4%.[4]

In 2014, after two straight years of underperformance, the firm was hit with the resignation of six employees including its chief operating officer.[4]

The firm's flagship fund is the Asia-Pacific Equity Multi-Strategy Fund. The fund employs two strategies, relative value and event-driven. In 2018, it posted a return of 11.36% and an annualized return of 17.6% over the past five years.[6][7][8]

According to former employees and counterparties, the culture at Segantii has been described as hard charging.[3]

Block trades

Segantii participates in block trades and is one of the largest players in Asia.[3]

In May 2022, Bank of America and Citigroup suspended all equity trading activities with Segantii due to their concerns on the firm's bets on large scale block trades. This edict was considered very rare for a firm with such a big name and size. During the same year, the U.S. Securities and Exchange Commission was conducting an investigation into block trades. US authorities had sought communications between Morgan Stanley and a former employee of Segantii. However Segantii has not been accused of wrongdoing and it is not known if it has been contacted as part of the US investigation.[3][5][9]

References

  1. ↑ "Segantii Hedge Fund Reopens in Bid to Boost Assets to $7 Billion". news.bloomberglaw.com.
  2. ↑ "Form ADV" (PDF). SEC.
  3. 1 2 3 4 "Simon Sadler: Blackpool's block trade king". Financial Times. 1 June 2022. Retrieved 7 May 2023.
  4. 1 2 3 4 "UPDATE 1-Fast growing Asia hedge fund Segantii hit by resignations". Reuters. 30 January 2014. Retrieved 7 May 2023.
  5. 1 2 "BofA Halts Equity Trading With Segantii on Block Trade Concerns". Bloomberg.com. 25 May 2022. Retrieved 7 May 2023.
  6. 1 2 Moffitt, Dominic (13 June 2019). "Who is Blackpool FC's new owner? The businessman who has bought the club". LancsLive. Retrieved 7 May 2023.
  7. ↑ MOOKERJEE, ISHIKA (24 April 2019). "The Asian hedge funds that turned heads in 2018". citywire.com. Retrieved 7 May 2023.
  8. ↑ Uhlfelder, Eric. "In Tough Times for Hedge Funds, These Are the Ones That Stand Out". WSJ. Retrieved 7 May 2023.
  9. ↑ "Morgan Stanley's Passi Faces U.S. Block-Trading Probe". Bloomberg.com. 16 February 2022. Retrieved 7 May 2023.
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