Polygon Attacks Gotham Over Quindell Plc (QPP) Report

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Mark Melin
Published on
Updated on

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…

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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.