Polar Liquidating £31M Global Macro Fund

Jan 7 2011 | 8:53am ET

Polar Capital is shuttering its £31 million global macro hedge fund.

The London-based firm's board decided to liquidate the Discovery Fund, managed by Paul Lambert, this week. The firm began selling off the fund's positions immediately and expects to return money to investors within four weeks.

Closing the four-year-old fund will lead to a £600,000 loss for Polar—which has £3.5 million invested in the fund—but the firm said it will meet its expected results for the fiscal year ending in March.


In Depth

Star Fund Managers Battered By Rocky Ride In Yields, Currencies

May 28 2015 | 6:05am ET

Some of the biggest names in the investment world have been whipsawed by the recent...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

The Road To Tax Alpha

May 28 2015 | 5:36am ET

Tax-related alerts are increasingly helping investment managers harvest tax alpha...

 

Sponsored Content

Editor's Note