# Polux Investments

Polux Investments is a Corporate Investor based in Hamilton, Bermuda.

## Overview

- **Organization type:** Corporate Investor
- **Headquarters:** Hamilton, Bermuda
- **Region:** North America
- **Address:** Hamilton, Bermuda
- **Assets under management:** Undisclosed

## Regulatory record

- **Reports private funds:** No

## About

Polux Investments is a corporate investor based in Hamilton, Bermuda. It has invested in two funds. Its regional focus is North America.

## Sectors

- Secondaries & Special Situations

## Offices

- 675 Third Avenue, 26th Floor, New York, NY 10017, United States

## Questions

### What is the relationship between Polux Investments, Elliott Management, and King Street Capital?

Polux served as an investment vehicle co-managed by senior leaders from both Elliott Management and King Street Capital. Michael P. Wengrofsky, a Managing Director at Elliott, and Tony Whiteman, a Managing Director at King Street, both held managerial roles at Polux Investments S.à r.l. in Luxembourg. This structure aligned two major distressed-debt firms as co-investors rather than competitors on a specific portfolio of recovery assets.

### What is Polux Investments' core investment strategy?

Polux specializes in buyout and turnaround situations, specifically in distressed claims and bankruptcy recoveries. The firm became known for purchasing creditor claims against the Lehman Brothers estate through Luxembourg-domiciled Wentworth Sons vehicles. The strategy relies on legal outcomes and long-horizon resolution of complex cross-border insolvency assets.

### Where is Polux Investments domiciled and why does that matter?

Polux is headquartered in Hamilton, Bermuda, and operated investment structures in Luxembourg — both jurisdictions known for their legal and tax treaty frameworks favoring distressed-debt and cross-border asset recovery. The firm also maintains a commercial office in New York, placing it in close proximity to the Southern District bankruptcy court where the Lehman proceedings were administered.

### Who manages day-to-day operations at Polux Investments?

Governance records from the Luxembourg entity show Livio Gambardella served as a Class C manager alongside representatives from Elliott and King Street. However, the firm does not appear to have a large disclosed internal management team. Operational decisions appear closely tied to the two hedge fund partners that co-manage the vehicle.

## Related profiles

- [Polk Wealth Management Group](https://altss.com/profile/polk-wealth-management-group)
- [Pool Reinsurance Company](https://altss.com/profile/pool-reinsurance-company)

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Last updated: 2026-06-03T20:00:00.000Z

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