Polygon Global Partners remained hot in February, adding 2.69% to its already strong January return.
London-based Polygon is up 7.11% through the year's first two months, ValueWalk reports. The firm managed the return in spite of exposure to Raiffeisen Bank, which has shelved plans to sell its Ukrainian unit amidst the unrest in that country.
"We are closely monitoring the situation and do not expect to hold shares for as long as originally anticipated," the hedge fund said.
Polygon made up for that position with bets on Spanish real-estate company Inmobiliaria Colonial and Vodafone Group, it said.