Launches & Closures

Polygon confirms plans for multi-strategy unwinding by Q1 2011, presses ahead with expansion of multi-fund investing approach


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 auction, to receive cash or