Saturday, 29 April 2017
Last updated 18 hours ago
Jan 8 2016 | 8:15pm ET
Despite a difficult environment for many of its peers, the European Equity Opportunity Fund at Polygon Global Partners gained 10.3% in 2015.
The fund’s outperformance on acquisitions and restructuring helped it outperform, according to a Bloomberg article citing unidentified people familiar with the matter.
The event-driven fund, which manages approximately $650 million, has booked average annual gains of 11% since inception in 2009, according to the article. It is managed by Polygon founder and former Citadel executive Reade Griffith, who started the firm in 2002 along with former UBS global head of hedge fund coverage Paddy Dear.
In addition to its European event-driven strategies, London-based Polygon also has convertible, mining and distressed opportunity vehicles. The company is wholly-owned by Tetragon Financial Group, which bought Polygon for nearly $100 million in 2012.