Launches & Closures

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


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