Polygon Global Partners, a London-based hedge fund, is up 7.11% in 2014 after posting 2.69% positive returns in February, according to an investor letter reviewed by ValueWalk. On a macro level the fund benefited from the February equity market rally and a corresponding sharp decline in volatility from a peak of 21.5%.
Individual holdings in EU stocks
One beneficial position the fund has is in Inmobiliaria Colonial SA (BME:COL), the little-known Spanish real estate company that the fund believes to own “the best portfolio of prime offices available for rent in Madrid and Barcelona.” Citing Inmobilaria Colonial’s board approval of a €1...