Polygon Funds Shine In April

May 9 2011 | 1:29pm ET

Polygon Investment Partners' decision to focus on single-strategy funds as opposed to its multi-strategy flagship is paying off.

The London-based firm said both of the funds it launched in mid-2009 enjoyed a strong April. The larger fund, the US$250 million Polygon European Equity Opportunity Fund, rose 3.5% on the month, Dow Jones Newswires reports. The smaller US$115 million Convertible Opportunity Fund added less in April, with a 2.1% gain, but is up 9.7% on the year, compared to 4.5% for the Equity fund, which is managed by Polygon co-founder Reade Griffith.

Both funds returned in excess of 20% last year.

The good news follows a bittersweet month for Polygon, which finally completed the liquidation of its once-US$7.5 billion flagship Global Opportunities Fund. Polygon suspended redemptions from that fund and announced it would wind it down after it lost almost half of its value in 2008.


In Depth

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Cash: An Asset In Adolescence

Aug 31 2017 | 3:34pm ET

If the investment industry has a rebellious teenager in the house today, that teenager...

 

From the current issue of