Thursday, 2 October 2014
Last updated 8 min ago
Jun 4 2008 | 1:27am ET
A founder of Polygon Investment Partners is trading the rough waters of the hedge fund world for what he hopes will be smoother sailing.
Alex Jackson will no longer lead the London-based firm’s credit and convertible arbitrage strategies, The Wall Street Journal reports. He will remain a partner of the firm, as well as a principal at Polygon’s publicly-traded debt fund, Tetragon Financial Group.
Jackson is reportedly stepping back to spend more time racing sailboats. His 98-foot sailboat, Speedboat, is among the fastest single-hull sailing vessels in the world. It is registered to compete in the 635-mile Newport Bermuda Open Class race, which gets under way on June 20 in Newport, R.I.
Jackson, who co-founded Polygon in 2002 after 10 years at Highbridge Capital Management, will certainly hope the Atlantic’s waters prove less rough than those currently battering hedge funds. Polygon, which manages US$6 billion, has been hit with US$1.5 billion in redemptions this year. The firm’s Global Opportunities Fund is down 4% this year, and Tetragon has lost about half its value since it launched last year.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...