Polygon Fund Falls 6.6% In August

Sep 9 2011 | 10:58am ET

Polygon Investment Partners didn't exactly lose the farm in August, but it did lost big on the house.

The London-based firm's European Equity Opportunity Fund saw its year-to-date gains wiped out last month. The $250 million fund fell 6.63%, leaving it down 4.92% on the year, The Wall Street Journal reports.

The two-year old fund was battered by its investment in a mid-cap U.K. home builder, among others, co-founder Reade Griffith wrote.

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Editor's Note

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    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…