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Hong Kong’s Segantii sees $1bn decline in assets

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Segantii Capital Management, the Hong Kong-based multi-strategy hedge fund firm founded by Simon Sadler in 2007, has seen its assets shrink by 18% over the past year on the back of investment losses and client redemptions, according to a report by Bloomberg.

The report cites unnamed sources familiar with the matter as revealing that assets of the firm’s flagship Segantii Asia-Pacific Equity Multistrategy Fund, which employs both relative value and event-driven strategies, fell to about $4.8bn at the end of January, from nearly $5.9bn in March 2023.

Low single-digit performance losses in the 13 months up to the end of January suggest investors have withdrawn hundreds of millions of dollars of capital from the fund, which was reopened to new cash in the first half of last year in a bid to boost assets to $7bn.

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