Reported by Business Desk

Hong Kong’s securities regulator has initiated insider dealing proceedings against Segantii Capital Management, a leading hedge fund in Asia, along with its founder, Simon Sadler, and former trader, Daniel La Rocca. The charges stem from alleged insider trading in the shares of a Hong Kong-listed company prior to a block trade in June 2017.

According to the Hong Kong Securities and Futures Commission (SFC), Segantii and its executives are facing criminal prosecution for their involvement in the matter. Both Sadler and La Rocca, however, could not be reached for comment at the time of reporting.

Sadler, who hails from Britain and is known as a prominent businessman, also holds ownership of Blackpool Football Club, his hometown soccer team.

Founded in 2007, Segantii Capital Management stands as one of the most established and sizable hedge funds in Asia.

Read full report: https://www.republicworld.com/business/hong-kong-regulators-prosecutes-segantii-capital-and-its-founder-for-insider-trading/?amp=1