Polar Boosts Assets, Staff

Jul 19 2010 | 7:31pm ET

Polar Capital continued to rebuild its asset base as it builds up its investment team.

The London-based hedge fund said inflows pushed assets up 2.5% in the second quarter to US$2.6 billion. The US$319 million net inflow offset the US$257 million in performance losses suffered during the three-month period.

In particular, the firm was buoyed by the launch of a new listed healthcare fund.

Polar managed almost US$4 billion before the credit crisis.

Polar has also recently hired AXA Framlington’s William Calvert and two of his analysts. Calvert was head of emerging markets at AXA.


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