Tetragon Financial Group Acquires Polygon Management LP for $98.5 Million

November 15th, 2012
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Tetragon Financial Group announced that it will acquire Polygon Management LP using 11.7 million of its non-voting shares in the transaction. As reported by Reuters, Tetragon Financial Group is essentially absorbing a hedge fund firm which was founded by two of its directors, Paddy Dear and Reade Griffin.

London-based Polygon Management LP at one time had $8.5 billion under management until its flagship fund was hammered during the financial crisis. It now has just $450 million under management. The deal, valued at $98.5 million also includes Polygon Management LP’s 13 percent stake in GreenOak and LCM.
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
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Investment Management and Hedge Fund Firm Mergers, Acquisitions, Spin-offs and Transactions; Hedge Fund Spotlight Reports; Hedge Fund Launches and Hedge Fund Closings


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