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Segantii vacates Hong Kong office

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Segantii Capital Management, the hedge fund currently facing insider trading charges, has moved out of its 12,000-square-foot office in Hong Kong, according to a report by Bloomberg citing sources familiar with the situation.

According to one of Bloomberg’s sources, the firm, founded by Simon Sadler, has vacated its premises on the 21st and 22nd floors of 100 Queen’s Road Central, despite having more than a year left on its lease, and has now listed its Hong Kong address as a suite in a nearby serviced office building.

Segantii CEO Kurt Ersoy declined to comment, while a representative for 100 Queen’s Road Central did not respond to requests for comment.

The firm, which was founded in Hong Kong in 2007 with just $26m, subsequently growing to employ 151 people globally by the end of March, with offices in Hong Kong, London, New York, and Dubai, has reportedly been returning capital to investors since May, amid concerns about the fallout from the insider trading case.

At its peak in 2021, the fund managed $6.2bn in assets, making it one of the largest Asia-based hedge funds by both headcount and assets under management.

In early May, Hong Kong’s securities regulator charged Segantii, its founder Simon Sadler, and former trader Daniel La Rocca with alleged insider trading. The case is ongoing.

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