Saturday, 5 September 2015
Last updated 11 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…