Polar Buys Long-Only Manager HIM

Sep 16 2010 | 1:23pm ET

A wave of consolidation has been predicted for the alternative investments industry for years, but it looks more and more like this month is the tipping point.

Yet another acquisition has been announced, this time Polar Capital’s buying HIM Capital Holdings. Terms of the deal were not disclosed, other than to say that Polar would pay for the former Hiscox Investment Management with cash and shares.

HIM manages about US$230 million in long-only financials funds. Polar boasts US$2.6 billion in assets under management.

Polar CEO Tim Woolley hailed his firm’s first-ever acquisition as “a unique group of highly-experienced fund managers and a balanced portfolio of long-only funds with outstanding track records.”

“The acquisition is in line with the group’s ambition to accelerate growth by attracting new investment talent and building sector-specialist platforms from which we can develop the business and enhance returns to our shareholders,” Woolley added.


In Depth

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR