Polygon offers an exit price

Polygon Capital is offering investors 72 cents on the dollar to withdraw from the fund. The offer comes three years after the near collapse of the hedge fund, which faced a $7.5bn (£4.6bn) loss in 2008. According to the Financial Times, Polygon has sent a letter to investors advising them of the offer. Last May investors were offered their money back, but only at a 25 per cent discount.