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Merrill Lynch’s head of equity syndication is taking his capital-raising expertise to hedge fund Polygon Investment Management.
Mark Gwynne joined the $4.5 billion London-based fund—which raised some US$300 million in an Amsterdam listing in April—as an equity capital markets banker last week, Financial News reports. He had led Merrill’s syndicate for two years.
Quantitative hedge funds that were posting miserly returns just last summer are now taking it to the market. More...
By Mesh Tandon -- While central banks have injected $3 trillion into the global economy in the past two months, high yield corporate credit markets are still in a state of decline. More...