(Bloomberg) -- Hong Kong’s securities markets watchdog has granted another license to an equity capital markets specialist hedge fund, even as it tightens...
-- Hong Kong ’s securities markets watchdog has granted another license to an equity capital markets specialist hedge fund , even as it tightens scrutiny over so-called block trades .Johannesburg Mayor Quits Amid Infighting, Financial Woes
The SFC is walking a tightrope between cracking down on market irregularities and reviving Hong Kong’s image as a major regional financial hub. Covid-era restrictions, geopolitical tensions and China’s economic slowdown have all contributed to an exodus of financial professionals. In in early May, the SFC charged Segantii, founder Simon Sadler and former trader Daniel La Rocca for dealing with insider information ahead of a 2017 block trade.Block trades are off-exchange sales of large chunks of shares. Regulators in the US and Hong Kong have been cracking down on information sharing that has allowed banks to avoid losing money on such transactions, while giving certain clients an edge in trading.
Millennium is backing Pamalican with as much as $500 million. Izzy Englander’s $68 billion firm has over the years struck deals with external teams, in which they exclusively manage money for Millennium initially, before opening up to other investors. They often start trading with part of the Millennium money committed, ramping up as they go.Kamala Harris 4.0: Liberal, Moderate or Something Else?U.S. Rep.
Goldman Sachs Bloomberg Pamalican Asset Management Ltd. Equity Capital Markets Block Trades Viridian Asset Management Ltd. Simon Sadler Jamie Goodman Hedge Fund Millennium Management Block Trade
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