Polar Assets Bounce Back

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.


In Depth

Steinbrugge: Top 10 Hedge Fund Industry Trends for 2017

Jan 3 2017 | 9:03pm ET

Each year, Agecroft Partners' Don Steinbrugge predicts the top hedge fund industry...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

DarcMatter: The Top Trends in Alternative Investments for 2017

Jan 13 2017 | 8:22pm ET

The $7 trillion alternative investments industry is poised for continued growth...

 

From the current issue of

The U.S. Commodity Futures Trading Commission (CFTC) ordered The Goldman Sachs Group Inc., and Goldman, Sachs & Co. to pay a $120 million penalty for attempted manipulation and false reporting of ISDAFIX Benchmark Rates, a global benchmark for interest rate products.