UK hedge fund Polygon is upset at the negative performance of its most high profile holding: Quindell PLC (LON:QPP) (OTCMKTS:QUPPF). According to a recent investor letter reviewed by ValueWalk, Polygon posted a slight -1.39 percent decline in May and is now up 8.69 percent on the year. Polygon had attacked Gotham over a short research report on Quindell “One of our under performing strategies during the month was Quindell PLC (LON:QPP) (OTCMKTS:QUPPF), which traded down 17%, still reacting, we believe, to the publication of the Gotham report in April,” the report said. Readers will recall Polygon had attacked Gotham over a…
Polygon Suffers May Loss; Cites Quindell PLC (QPP), Gotham
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.