Segantii Capital Management founder Simon Sadler chose to take the stand Monday to give evidence in the insider trading trial that has gripped trading floors and boardrooms across Hong Kong. Sadler — once known as Asia’s “block trade king” — was the first witness called by defense lawyers after the prosecution brought an end to its own case following a month of sometimes tense witness testimony. T...
Segantii Capital Management founder Simon Sadler chose to take the stand Monday to give evidence in the insider trading trial that has gripped trading floors and boardrooms across Hong Kong. Sadler — once known as Asia’s “block trade king” — was the first witness called by defense lawyers after the prosecution brought an end to its own case following a month of sometimes tense witness testimony. That included two former traders at Bank of America Corp. , who shed light on how Wall Street banks communicate with powerful hedge funds. The case centers on a series of nine-year-old trades in fashion retailer Esprit Holdings Ltd. that were worth little more than $1 million, a tiny amount for a hedge fund that once had $6.2 billion of assets under management. The fallout from the years-long investigations into those small trades was enough to bring an end to Segantii, which returned money to investors in 2024 as the legal pressure mounted. Sadler, former Segantii trader Daniel La Rocca and the firm itself have pleaded not guilty to charges of insider dealing. They have also hired a who’s who of the legal profession to defend them: Sadler’s own lawyer, Clare Montgomery, is separately representing Andrew Mountbatten-Windsor, the former Duke of York who has become embroiled in the Jeffrey Epstein scandal. The trades in question took place on June 14, 2017, after La Rocca had phone calls with Tony Psarianos , a former Bank of America employee. At the time, US investment firm Lone Pine Capital LLC was considering selling a block of shares worth 10% of Esprit. By the time the deal went ahead, Sadler and his firm had sold their existing shares and taken a small short position. Bank of America traders had earlier said their employer’s talks with Lone Pine and investors that day regarding the potential block sale were merely exploratory. Read previous coverage of Segantii’s trial: Regulators Didn’t Speak to US Fund at Heart of Segantii Trial Bank of America Tightened Block Trade Ru...
The stocks featured in this article are seeing some big returns. Over the past month, they’ve outpaced the market due to some combination of positive news, upbeat results, or supportive macro developments. As such, investors are taking notice and bidding up shares.
The stocks featured in this article are seeing some big returns. Over the past month, they’ve outpaced the market due to some combination of positive news, upbeat results, or supportive macro developments. As such, investors are taking notice and bidding up shares.
CEO Cristiano Amon said future AI systems will require "gazillions" of tokens, while highlighting opportunities in robotics, automotive AI and AI-native 6G networks.
CEO Cristiano Amon said future AI systems will require "gazillions" of tokens, while highlighting opportunities in robotics, automotive AI and AI-native 6G networks.
Last of his 24 Premier League seasons was at Brighton ‘I could never have dreamed of the journey,’ he says The former England midfielder James Milner has announced his retirement. The 40-year-old, who has spent the last three years at Brighton, began his career at his boyhood club Leeds and has played 24 seasons in the Premier League. Milner broke the record for the most Premier League appearances...
Last of his 24 Premier League seasons was at Brighton ‘I could never have dreamed of the journey,’ he says The former England midfielder James Milner has announced his retirement. The 40-year-old, who has spent the last three years at Brighton, began his career at his boyhood club Leeds and has played 24 seasons in the Premier League. Milner broke the record for the most Premier League appearances while playing for Brighton against Brentford in February, and ends his career with a total of 658. Continue reading...
The trillion-dollar company that Warren Buffett helped build, Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB) , entered uncharted territory in 2026. With the Oracle of Omaha retiring from the CEO role on Dec. 31, Berkshire has a new boss for the first time in well over half a century. Buffett's successor, Greg Abel, hasn't wasted any time making his presence felt . During the first quarter, Abel exit...
The trillion-dollar company that Warren Buffett helped build, Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB) , entered uncharted territory in 2026. With the Oracle of Omaha retiring from the CEO role on Dec. 31, Berkshire has a new boss for the first time in well over half a century. Buffett's successor, Greg Abel, hasn't wasted any time making his presence felt . During the first quarter, Abel exited 16 positions, including e-commerce kingpin, Amazon (NASDAQ: AMZN) . At the same time, he more than tripled his company's stake in Google parent Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) , which has surged more than 15,500% since its initial public offering. Warren Buffett retired as Berkshire Hathaway's CEO on Dec. 31, 2025. Image source: The Motley Fool. Continue reading