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

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

Why Is The Shipping Industry Underwater?

Jul 31 2014 | 7:31am ET

Anyone who’s taken a look at the global shipping industry recently probably knows...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note