Tetragon Financial Group Acquires Polygon Management LP for $98.5 Million

November 15th, 2012
| More
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

More Recent Headlines

October Gains Boost James Dinan’s York Capital to Double Digits YTD Returns

Geoff Grant Calls it Quits for Grant Capital Partners

Two activist investors dueling for board seats

High-Risk Long-Ball Strategy Pays off for Pine River, Tilden Park, Appaloosa and Barnegat

Baupost Group Won’t Skip a Beat with Herb Wagner's Departure?

Fortress Investment Group's AUM increase to $51.5 billion

Gray & Company Acquires Tiburon Capital Management

Charlie Chan Propels Year Old Splendid Asia Hedge Fund to 60 Percent Gain

Emerging Markets Propel Smaller Macro Hedge Funds to Success

Former Citadel Portfolio Manager Launches Continuum Investment Management Hedge Fund