Trial of Blackpool’s block trade king begins in Hong Kong - FT中文网
登录×
电子邮件/用户名
密码
记住我
请输入邮箱和密码进行绑定操作:
请输入手机号码,通过短信验证(目前仅支持中国大陆地区的手机号):
请您阅读我们的用户注册协议隐私权保护政策,点击下方按钮即视为您接受。
FT商学院

Trial of Blackpool’s block trade king begins in Hong Kong

Simon Sadler of Segantii Capital faces criminal charges over alleged insider trading of clothing retailer Esprit
00:00

{"text":[[{"start":9.35,"text":"One of Hong Kong’s best-known hedge fund managers profited from inside information to the tune of HK$1.7mn on a single deal, a court heard on Monday in the first day of a trial."}],[{"start":22.45,"text":"British financier Simon Sadler appeared in the dock in Hong Kong’s District Court on Monday alongside former trader Daniel La Rocca. They, and Sadler’s hedge fund Segantii Capital Management, face criminal charges by Hong Kong prosecutors over alleged insider trading of clothing retailer Esprit’s stock dating back to 2017."}],[{"start":44.099999999999994,"text":"Sadler and La Rocca, who worked at Segantii, are accused of acting on inside information when dealing in shares of Esprit ahead of an imminent so-called “block trade”. A block trade is an off-market purchase or sale of a large amount of shares in a single transaction."}],[{"start":59.849999999999994,"text":"Sadler, La Rocca and the hedge fund itself all pleaded not guilty. If convicted, Sadler and La Rocca could face a maximum prison sentence of seven years, the FT previously reported. "}],[{"start":72.85,"text":"Sadler, who is from Blackpool in north-west England, founded Segantii in Hong Kong in 2007 and grew it into one of the best-known hedge funds in the region. As the hedge fund grew, Sadler bought Blackpool Football Club in 2019. The hedge fund shut operations after the Hong Kong criminal charges were announced in 2024. "}],[{"start":93.3,"text":"The Hong Kong prosecution cited an expert witness who calculated that Segantii profited by HK$1.6-1.7mn (roughly US$200,000) by shorting Esprit stock after learning of an upcoming block trade. Block trades can push down the share price. "}],[{"start":112.44999999999999,"text":"The prosecution played audio files for the court of La Rocca receiving a call from a Bank of America trader to gauge the Segantii trader’s interest in buying into an upcoming sale of a large number of Esprit shares. The seller was not named but the court was told that Segantii was able to quickly work out that it was American hedge fund, Lone Pine Capital."}],[{"start":132.89999999999998,"text":"Following those conversations with the Bank of America trader, Segantii made trades in Esprit stock that would allow it to benefit from a fall in its share price once news of the block trade became public, the prosecution said. "}],[{"start":144.95,"text":"The prosecution told the court that Sadler and La Rocca were “highly experienced in block trades” and “knew full well” the significance of the information they had been given."}],[{"start":155.95,"text":"The Bank of America trader, Tony Psarianos, will appear in person in court to give evidence on May 11 and 12, the court was told on Monday."}],[{"start":166.14999999999998,"text":"The prosecution’s lawyer acknowledged the sums mentioned were not large for a hedge fund like Segantii but said the case concerned the principle of “taking unfair advantage of inside information”. "}],[{"start":178.24999999999997,"text":"She said everybody who invested or had a pension would be adversely affected by unfairness in the market."}],[{"start":184.89999999999998,"text":"Much of the prosecution’s time on the first day of the trial was spent making arguments over the definition of inside information. The trial is expected to last until June 8."}],[{"start":202.25,"text":""}]],"url":"https://audio.ftcn.net.cn/album/a_1777942381_1307.mp3"}

版权声明:本文版权归FT中文网所有,未经允许任何单位或个人不得转载,复制或以任何其他方式使用本文全部或部分,侵权必究。

从壮志凌云到“幽灵蝙蝠”:未来空战,打法变了

未来,战斗机飞行员或许不再亲自上阵厮杀,而是坐镇空中、充当任务指挥官,由自主“协同作战飞机”配合作战。

Lex专栏:SpaceX的情况进一步证明季度财报并非必要

马斯克旗下这家火箭制造商过去三个月的财务状况如何,其实无关紧要。

谷歌为Anthropic打造的2000亿美元华尔街融资机器

私募信贷、芯片租赁和数据中心担保,支撑起AI支出的全新庞大模式。

“日元干预”等于“美国自保”

美国联手日本支撑日元,不只是出于盟友情谊,更是为了避免日本加息或美国国债遭抛售、导致美债收益率进一步走高。

“诅咒之岛”:科技游民与诈骗犯藏身的千亿美元奢华开发项目

警方的突击搜查再次打击了马来西亚陷入困境的中资“森林城市”项目的声誉。

问题不在因凡蒂诺

马杜罗:应该将国际足联的监管职能与商业活动分开,其治理应真正做到包容并具有代表性,监督必须真正独立。
设置字号×
最小
较小
默认
较大
最大
分享×