Saturday, 25 April 2015
Last updated 14 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…