Hedge Fund Segantii Has Returned More Than 90% of Client Money

Segantii Capital Management Ltd. has returned more than 90% of its client capital, according to people familiar with the matter, less than two months after the hedge-fund firm told investors that it would givethem back their money.

The multistrategy hedge fund, which had $4.7 billion in assets under management at the end of May, returned about a third of its capital last month, Bloomberg News reported earlier. The second repayment took place in the past few days, said the people familiar with the matter, who asked not to be identified discussing private information. A third and final installment is ...