Polygon Suffers May Loss; Cites Quindell PLC (QPP), Gotham

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…