Polygon Vets Found Asia Event-Driven Shop

Mar 4 2010 | 6:52am ET

A pair of former Polygon Investment Partners executives has founded a hedge fund in Hong Kong with plans to launch an event-driven fund.

Anthony Correa and Hani Abuali are the co-chief investment offers of Black’s Link Capital, Bloomberg News reports. The new firm’s investment team features five other veterans of London-based Polygon. Fred Schulte-Hillen is its chief operating officer.

Black’s Link will launch its debut Asian event-driven vehicle as soon as this month with both partner capital and outside money. The firm aims to raise US$250 million for the fund, which is targeting returns in the mid- to high-teens, by the end of the year.

The new fund will make three- to 12-month investments in companies facing mergers, leveraged buyouts, spin-offs, recapitalizations, tax changes or regulatory changes. It will aim to be market-neutral.

Correa spent five years at Polygon, setting up its Hong Kong office in 2006. Polygon closed the office last year. Correa joined Polygon from Nomura International, where he headed special situations investments in Asia. Albuali joined Polygon in 2007 from Morgan Stanley as an event-driven manager.


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR