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Hong Kong’s Segantii sees assets climb to USD550million

Hong Kong-based Segantii Capital Management has seen its assets more than double since mid-2011 reported Reuters this week, bucking the trend of Asian funds suffering net outflows and proving that good old-fashioned performance is still the best way to attract investor dollars. Over the last 12 months the Segantii Asia-Pacific Equity Multi-Strategy Fund has seen its assets balloon to USD550million thanks to a 41 per cent gain. By comparison, Segantii’s peers, when measured against the Eurekahedge Asia Index, lost 8.4 per cent on average. Simon Sadler, a former head of Asian equity trading for HSBC Securities, launched Segantii back in 2007. The fund is currently up around 0.3 per cent YTD. In a further sign of the hedge fund consolidating its position, Segantii is planning to expand its team from 16 to 20 people and has already hired former Credit Suisse executive Kirtes Bharti as head of financing. The hiring of Bharti, the YTD figure and the asset figure of USD550million were confirmed, said Reuters, by Segantii chief executive Kurt Ersoy.    


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