Polygon, the London-based fund management group led by Reade Griffith and Paddy Dear, has given its investors more details on its plans to complete the return of cash in its multi-strategy fund by the end of the first quarter of next year.
Reade Griffith
A key part of the final unwinding of the once multi-billion-dollar fund – which was first outlined in June – will involve the secondary auction by Credit Suisse of the fund’s remaining illiquid assets, mainly private equity.
Investors will have the option, assuming a successful...