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The Shape of things to come

Tetragon is one of a new breed of hedge funds trying their luck as a publicly traded company. Following its IPO in April, it hopes to bring its specialist brand of highly managed CLOs to a wider pool of equity investors. Dalia Fahmy speaks to the firm's three principal partners

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CDOs are big business. The number of managers has soared in the past five years. Bankers are fleeing Wall Street to start their own CDO boutiques. And now, there's a publicly traded company that wants to replicate the commercial banking model using CDOs. Its name is Tetragon Financial Group.

Tetragon is the two-year-old CDO arm of Polygon Investment Partners, a $9 billion London-based hedge fund

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