Hong Kong’s Segantii sees $1bn decline in assets

Simon Sadler's hedge fund, Segantii Capital Management Ltd., has seen a drop of 18% in its assets since last March due to investment losses and clients pulling out money, according to Bloomberg. The assets of the Segantii Asia Pacific Equity Multistrategy Fund went from nearly $5.9 billion in March 2023 to about $4.8 billion in January. Investors pulling out hundreds of millions of dollars led to low single digit performance losses. Despite aiming to boost assets to $7 billion by reopening for new investments last year, the firm faced challenges attracting interest from North American institutional investors.

The broader decline in Asia focused hedge fund assets by almost 9% through September was influenced by factors such as geopolitical tensions, regulatory uncertainties, and slowing Chinese economic growth. Simon Sadler, who founded the firm in Hong Kong in 2007, has built it into a significant player in the region, with offices in London, New York, and Dubai. The firm has a strong track record, outperforming Asia focused peers with a 12% annualized return since its inception in December 2007.