{
  "id": 653241,
  "title": "Segantii veteran’s Viridian gains 2.65% in July as assets reach $680m",
  "url": "https://urgent.news/2026/08/12/segantii-veterans-viridian-gains-2-65-in-july-as-assets-reach-680m",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-12T08:53:28.000Z",
  "source": {
    "name": "Hedgeweek",
    "slug": "hedgeweek",
    "url": "https://www.hedgeweek.com/segantii-veterans-viridian-gains-2-65-in-july-as-assets-reach-680m/"
  },
  "original_language": "en",
  "account": "Viridian Asset Management, a Hong Kong hedge fund established by ex-Segantii Capital Management portfolio manager Pascal Guttieres, saw its assets grow to $680 million in July. The fund achieved a 2.65% return during the month, with the majority of gains coming from equity capital markets trades, Bloomberg reported. The strategy has increased 3.8% year-to-date. Viridian's convertible bond strategy also hit its best monthly performance since launch, earning from both new issues and secondary-market trades. The fund's success stands out amid a tough year for Asian hedge funds, as regional equity long-short strategies faced their worst month ever in July, losing around 15% on average, according to Goldman Sachs estimates. Despite the volatility, Viridian benefited from a record month in equity capital markets, with IPOs, share placements, and block trades raising about $83 billion. The firm's notable trades included an arbitrage position on SK Hynix's US-listed ADRs, which yielded a 25% premium to the company's Korean shares. Guttieres, who previously worked at UBS, launched Viridian in 2024 with $100 million from Axa IM Prime, focusing on liquidity around equity capital markets transactions.",
  "summary": "Viridian Asset Management, the Hong Kong hedge fund firm founded by former Segantii Capital Management portfolio manager Pascal Guttieres, grew assets to $680m after attracting a new investor and generating strong returns during July’s market turmoil, according to a report by Bloomberg.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}