Polygon partner Alex Jackson steps aside after losses

June 4th, 2008
| More
Alex Jackson, co-founder of Polygon Investment Management, is no longer investing after clients pulled out $2bn in funds. Polygon's investment strategy based in shareholder activism has fallen out of favor with its clientele. Reade Griffith another co-founder will take charge of the investment for the main fund. The move comes after the fund's value fell from a peak of $8bn to $6bn. Mr. Jackson will move to the company's Tetragon the firm's Amsterdam-listed loan vehicle which invests in the riskiest portions of collateralized loan obligations.
For Detailed Investor Profiles on these Investors, click below:
Polygon Investment Partners
Related People: Alexander Jackson; Reade Griffith
Related Entities: Kings Road Investments; Polygon Credit Income; Polygon Debt Holdings; Polygon Global Opportunities


More Recent Headlines

Greenlight vs. Lehman Brothers

Delphi Creditors vs. Appaloosa

Steel Partners Ousts Board of Aderans

TCI Invests in J-Power's Shareholders

CSX vs. Children's Investment Fund Update

Crescendo builds stake in Cott soft drinks

Olivant pressures UBS

Nomura's Haga to Start Firm

Riley Sends Letter to Zilog

Diamond Lake launch put on hold