Simon Sadler, founder of hedge fund Segantii Capital Management, pleaded not guilty to insider dealing on Thursday in one of Hong Kong’s most high-profile financial criminal cases.
His former colleague Daniel La Rocca and the hedge fund itself also pleaded not guilty. They are charged with trading on inside information in relation to retailer Esprit’s securities in 2017. If convicted, Sadler and La Rocca could face a maximum prison sentence of seven years.
District judge Kwok Wai-kin set the trial date for May 4 2026, allocating 25 days for proceedings. A pretrial review hearing is expected to be held on December 4 2025.
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