Results for "hedge fund"
1 articlesHong Kong ‘block trade king’ exploited bank lapse to make HK$1.7 million, court told
A British-born hedge fund manager named Simon Sadler is on trial for allegedly exploiting a bank's security failures to execute insider trading in a Hong Kong fashion company's shares nine years ago, profiting HK$1.7 million in a single day. Prosecutors characterized the bank's oversight as a 'wholesale collective failure.' Sadler is tried alongside his now-defunct firm Segantii Capital Management and a former employee.
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