Monday, 29 December 2014
Last updated 9 hours ago
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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.