Segantii Hedge Fund Assets Shrank by $1 Billion Since March

Simon Sadler’s Segantii Capital Management Ltd. saw its hedge fund assets shrink by 18% since last March amid investment losses and redemptions, said people familiar with the matter.

Assets of the Segantii Asia-Pacific Equity Multistrategy Fund declined to about $4.8 billion at the end of January, from nearly $5.9 billion in March 2023, said the people, who requested not to be named because the matter is private. Low single-digit performance losses in the 13 months through January suggested investors pulled hundreds of millions of dollars of capital. Kurt Ersoy, Segantii’s chief executive officer, declined to comment.

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