Embattled Segantii Can Exit 97% of Portfolio Within Five Days

Simon Sadler’s Segantii Capital Management, which abruptly decided to return capital to investors on Thursday amid an insider trading charge, can liquidate the vast majority of its bets within five trading days.

The Segantii Asia-Pacific Equity Multi-Strategy Fund, with $4.77 billion of assets under management, can wind down 84% of its portfolio within a day, according to an investor update for April seen by Bloomberg. As much as 97% can be liquidated within five days.

Investors pay close attention to liquidity profile of their hedge funds to avoid getting stuck in hard-to-sell assets. Segantii, best known for its relative ...