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

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

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

A Hard Look At Your ‘Soft’ Hedge Fund Marketing Information

Dec 8 2016 | 9:03pm ET

Conventional wisdom holds that due diligence examines quantitative as well as qualitative...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR