Polygon Attacks Gotham Over Quindell Plc (QPP) Report

Polygon, a prominent UK hedge fund, was caught on the wrong side of a short attack on the stock of Quindell PLC (LON:QPP) (OTCMKTS:QUPPF) in April, leaving the fund's returns close to flat on the month as a result.  Year to date the fund is up 10.22 percent, according to a Polygon investor letter reviewed by ValueWalk.

Gotham research report led to Quindell’s stock slide

Polygon has been a long-term investor in the stock, making money on it “life to date” and was up in April when a scathing research report written by Gotham.  The research report caught the eye of many in the hedge fund community, including...