Sunday, 24 May 2015
Last updated 2 days ago
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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…