Polygon Global Up 10% In Q1 With Big Gains On Portugal Bet

Polygon Global Partners's European Equity Opportunity Fund has gained a handsome 10.4% through the first quarter of this year, according to a letter to investors reviewed by ValueWalk. The fund uses an event-driven equity strategy and is one of the leading Europe-based hedge funds with $7.1 billion in assets under management as of June 2013.

Polygon Global beats benchmark indices

Polygon Equity Opportunity fund particularly had a spectacular January when it gained 4.3%, which is an accomplishment considering that the average event-driven fund lost 0.23% in the period, according to the respective strategy index of Eurekahedge. The fund's +10% gain...