Segantii Case Will Move to District Court, Hong Kong Judge Rules.

Segantii Capital Management's insider trading case will be transferred to a District Court in Hong Kong, which has the authority to impose longer prison sentences of up to seven years. The hedge fund firm, along with its founder Simon Sadler and former trader Daniel La Rocca, are accused of acting on insider information prior to a block trade in 2017. The case was granted a transfer to the higher court, and the next hearing is scheduled for July 2. Segantii, once one of Asia's largest hedge funds, decided to wind down its operations and return outside capital to investors following the public disclosure of the insider trading charges. [Extracted from the article]