Pair Of Polygon Funds Up Over 20%

Dec 8 2010 | 10:25am ET

The year 2010 has been quite the mixed bag for Polygon Investment Partners. The London-based firm in October moved to accelerate the liquidation of its flagship fund, but two newer offerings have given it something to smile about.

Both the Polygon European Equity Opportunity Fund and Convertible Opportunity Fund are up in excess of 20% this year. The former, headed by firm co-founder Reade Griffith, is up 24.8% on the year after adding 2.25% last month, Dow Jones Newswires reports. The latter, managed by Mike Humphries, is up 23.03% following a 1.23% November return.

The two funds were launched last year, as Polygon sought to move away from multi-strategy vehicles, such as its crippled flagship, which lost almost half of its value two years ago, to single-strategy funds.

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