Polygon primes small-cap and CB funds in new single-strategy focus

Fri Apr 24, 2009

Polygon, the London-based hedge fund firm led by Reade Griffith and Paddy Dear, is lining up two new fund launches as part of a shift away from the firm's multi-strategy origins towards a new single-strategy focus.

Griffith will himself run a long/short European equity fund, while former MKM Longboat founder and EuroHedge award-winner Michael Humphries will manage a global convertible fund.

Reade Griffith

Polygon is undergoing a significant restructuring as a result of the tsunami that hit multi-strategy funds in 2008. Faced with performance and redemption issues in the final months of the year, the firm made the decision to unwind its main multi-strategy fund and return cash to investors.

This decision was taken in the belief that, for the foreseeable future, the concept of a leveraged multi-strategy fund with strategies of...

ISSN: 2151-1845 / CDC10004H

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