Saturday, 30 August 2014
Last updated 1 day ago
Jan 24 2011 | 11:21am ET
A co-founder of Polygon Investment Partners has been unceremoniously ousted from a listed credit vehicle he helped set up six years ago.
Alexander Jackson, who stepped down as a principal of Polygon in 2008, was removed from the board of directors of Tetragon Financial Group by its other directors. The Amsterdam-listed firm said the move was "a result of Mr. Jackson's conduct following the board's approval in July 2010 of the investment in GreenOak Real Estate, from which Mr. Jackson dissented."
Jackson has also been removed from the board of an offshore version of TFG. He will remain a principal of Tetragon Financial Management, the former Polygon Investment management and investment manager of TFG.
Last year, TFG bought a 10% stake in GreenOak and committed US$100 million to its investments. It was not the only Polygon affiliate to do so; Polygon Management also invested in TFG.
TFG said the GreenOak deal would help diversify the company's financial services footing from its base in collateralized debt obligations.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...