Hedge fund founders looted Tetragon

`` The complaint said a Polygon affiliate -- named Tetragon Financial Management LP -- was to receive a 1.5 percent management fee, plus a 25 percent performance fee on quarterly gains above a minimum based on the London Interbank Offered Rate, or Libor. But it said the Polygon affiliate reaped unjust fees by "marking up" the value of the fund, in a manner that let it ignore hundreds of millions of dollars of previous losses.''