Polygon gets its timing right as new single-strategy focus pays

Fri Oct 23, 2009

The restructuring of Polygon from a multi-strategy to a multi-fund firm is off to a promising start, with the firm rolling out its first two single-strategy products and generating strong performance in their first few months of trading.

Reade Griffith and Mike Humphries

The launch of the funds targeting convertible bonds and European equities marks the first phase of a change of business strategy by the firm's principals in the wake of the decision taken at the end of 2008 to unwind the former flagship multi-strategy fund.

Unwinding the multi-strat fund's complex portfolio of positions is expected to be a drawn-out affair, with investors expected to get approximately 40-50% of their capital back this year and...

ISSN: 2151-1845 / CDC10004H

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