Tetragon To Launch Distressed Credit Fund

Nov 14 2013 | 2:08pm ET

Tetragon Financial Group, the listed vehicle that bought Polygon Global Partners for almost US$100 million last year, has launched a new distressed credit hedge fund.

TFG, which earlier this year hired Olivier Blechner as senior portfolio manager, has seeded the fund with $25 million and told investors on a call Thursday it will put up to $100 million in the new fund and its other credit strategies, reports the Wall Street Journal.

Paddy Dear, a TFG director and Polygon co-founder, said the firm is hiring a team for the new distressed credit strategy, which it hopes to begin marketing to outside investors next year.


In Depth

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

FATCA for Hedge Funds: Eight Common Pitfalls

Sep 1 2015 | 10:56am ET

FATCA is now a way of life for those in the financial industry and most professionals...

 

Editor's Note