Tuesday, 2 June 2015
Last updated 7 hours ago
Dec 15 2010 | 1:43am ET
As the weather turns colder, Polar Capital is heating up.
The London-based hedge fund and asset management firm said that its assets under management increased by 6% in October and November. The firm's assets are up some 32% since March, when they had fallen to US$2.5 billion, and investor outflows continued through September.
Polar once managed US$4 billion. With increased inflows, especially into its long-only products, and strong investment performance, the firm is back up to US$3.3 billion.
Its hedge funds are lagging its long-only products, but even there Polar is seeing the beginnings of a turnaround. CEO Tim Wooley told Reuters that the firm's hedge funds are enjoying "marginal inflows," even as investors continue to pull money from its $80 million macro fund.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…