Saturday, 23 August 2014
Last updated 17 hours ago
Jul 21 2010 | 10:20am ET
Polygon Investment Partners may tap a former Morgan Stanley executive to help it unwind its flagship hedge fund.
The London-based firm is in talks with John Carrafiell, former global co-head of Morgan Stanley Real Estate, to advise it on its German commercial property holdings, Financial News reports. The hedge fund hopes that Carrafiell can maximize the returns on its remaining property investments, which total about US$30 million of the fund’s remaining US$1.4 billion in assets.
Carrafiell helped build Morgan Stanley’s own property funds during his 21 years with the firm. Since retiring, he was established his own real estate advisory, Alpha Real Estate Advisors.
Polygon elected to shutter its multi-strategy flagship as it lost nearly half its value in 2008. About 60% of fund has already been returned to investors, with another 20% coming by the end of this year.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note