Polygon Funds Rise In January

Feb 14 2012 | 12:40pm ET

Polygon Investment Partners has opened 2012 with positive, if not spectacular, returns for both of its hedge funds.

The London-based firm's Convertible Opportunities Fund returned 2.69% in January, in line with or slightly ahead of the average hedge fund, according to industry indices. The firm's European Equity Fund returned 0.89% last month, Dow Jones Newswires reports.

The convertible arbitrage fund rose 11% last year, while the European stock fund fell 7.04%.

The two hedge funds manage a combined US$430 million.

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