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

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...