Given an -tuple of positive real numbers , Konno (2000) defines the hyperpolygon space , a hyperkähler analogue of the Kähler variety parametrizing polygons in with edge lengths . The polygon space can be interpreted as the moduli space of stable representations of a certain quiver with fixed dimension vector; from this point of view, is the hyperkähler quiver variety defined by Nakajima. A quiver variety admits a natural -action, and the union of the precompact orbits is called the core . We study the components of the core of , interpreting each one as a moduli space of pairs of polygons in with certain properties. Konno gives a presentation of the cohomology ring of ; we extend this result by computing the -equivariant cohomology ring, as well as the ordinary and equivariant cohomology rings of the core components.