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

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of