Polygon partner Alex Jackson steps aside after losses
| June 4th, 2008 |
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| 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. |
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For Detailed Investor Profiles on these Investors, click below: |
| Reade Griffith | | Polygon Credit Income; | Polygon Debt Holdings; | Polygon Global Opportunities | More Recent Headlines
