Polygon Vets Found Asia Event-Driven Shop

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

Black’s Link Capital 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.