Inside the trade that put Regal in South Korea’s crosshairs
New details surrounding a block trade in semiconductor giant SK Hynix allow a glimpse into the high-risk, high-reward tactics beneath a mysterious strategy and a rock-star trader.
It was a temperate, windless Friday afternoon in Seoul on October 18, 2019, but something big was moving through the ether.
A trillion-won block of shares in semiconductor manufacturing giant SK Hynix, one of South Korea’s largest listed companies, was preparing to hit the market. The block had come from global investment behemoth Capital Group and investment banks were scrambling to shore up demand, set terms and source buyers for the whale-sized trade.
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clarification —
This article has been updated to reflect that funds have increased in Catalyst Funds Management since its inception.
