-- JPMorgan Chase & Co. is limiting dealings with Simon Sadler’s Segantii Capital Management Ltd., the Asian hedge fund giant charged with insider trading by authorities in Hong Kong, according to people familiar with the matter.Einhorn Says Markets Are ‘Broken.’ Here’s What Data Shows
Segantii has long been a prized client of Wall Street banks that need to unload chunks of shares in block trades and stock offerings. The firm listed nine banks, including JPMorgan, Goldman Sachs Group Inc., BNP Paribas SA and UBS Group AG, as its prime brokers in a March performance update to investors.
Banks handling the sales have to be careful not to let investors get wind of upcoming deals ahead of time, and bankers often resort to gauging demand for a stock by asking hypothetical questions. Potential buyers can sometimes be given non-public information in a process dubbed “wall-crossing,” which limits their ability to trade on it.In this article, we discuss the 10 companies to consider in the portfolio of Kevin O’Leary for 2024.
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