Sengantii Capital?

Wizaard said:
I'm taking the line of no suggestion of impropriety by Segantii at face value until told different.
Click to expand...
At this stage it’s not the question of ‘impropriety’ per se that would worry me, more:

1) whether investors get spooked and pull money out
2) whether other banks decide it’s too risky to deal with Segantii
 
TKL_Seasider said:
A piece by Bloomberg which further explains the point above

“Block trading is one of a few Wall Street businesses where relationships still drive the flow of deals. Banks acquire a slug of stock from an investor -- such as hedge funds, private equity firms or venture capital firms -- at a discount, before parceling the shares out discreetly to buyers. The aim is to price the blocks at a slim premium, and to avoid sending a stock’s price into a dive before the transaction is completed, which can inflict losses.”

www.bloomberg.com

BofA Halts Equity Trading With Segantii on Block Trade Concerns

Bank of America Corp. has suspended equity trading with hedge fund Segantii Capital Management over concerns related to its wagers on large stock sales, according to people familiar with the matter.
www.bloomberg.com www.bloomberg.com

Incidentally (and quite coincidental to this) I was talking to a couple of friends with backgrounds in financial communications/journalism in Hong Kong last night. The name of the FT journalist happened to come up. Apparently the view among comms people is that she’s rather ‘tabloid’ or sensationalist although, as they noted ‘that might just mean she’s good at her job’.
Click to expand...
It does appear to be a bit of sensational reporting and I do wonder if this story has only been reported due to the owner of Segantii also being the owner of an English football club. It doesn't seem to be widely reported.
 
585 = never give up said:
It's a story of interest, but until I read differently, that's all it is and I'll not lose any sleep.
If we sign a player soon, then I'll know all is rosey doen at Bloomfield Road.
In stealing a phrase that is usually tagged to Critch ..... in SS I trust 👍
Click to expand...
SS wouldn't have exchanged contracts on multi million pound deals last week if the picture wasn't rosy. He will have known about this story well before it hit the press 👍
 
You'd have hoped Simon had heard about it because the story refers back to early 2021.
It may just be the USA big boys not liking what the up and coming kids on the block are up to and possibly taking profits away from them. Compare it to City & Liverpool complaining about the ethics of the Newcastle takeover.
 
I must admit to being a complete idiot on matters such as those in the comments on here. But, looking at what SS is doing at the club it would appear to me to be a piece to scare the horses.

Unless and until I'm told differently I won't be panicking.
 
You must log in or register to reply here.
Back
Top