‘Block-Trade King’ Sadler Built $360 Million Fortune at Segantii

The HK securities watchdog has started criminal proceedings
JPMorgan and Nomura have limited exposure to Sadler’s fund

WATCH: Ripples from the Segantii probe are being felt on Wall Street as JPMorgan and Nomura limit their dealings with the hedge fund. Michael Moore reports.Source: Bloomberg

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By Venus Feng and Tom Maloney

May 9, 2024 at 10:52 PM EDT

Simon Sadler turned Segantii Capital Management Ltd. from a tiny startup hedge fund into a $4.8 billion giant, cultivating a reputation as Asia’s “block-trade king” from his perch in Hong Kong.

Over those 17 years, he amassed a net worth of at least $360 million, according to the Bloomberg Billionaires Index.

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