Monday, 22 December 2014
Last updated 1 hour ago
Apr 19 2011 | 12:46pm ET
Polar Capital said today that its assets under management rose by 10% in the first quarter.
The US$268 million in inflows and US$181 million in performance gains helped push Polar ever-nearer to its pre-crisis asset level of almost US$4 billion. The firm managed US$3.875 billion at the end of the first quarter, it said, 53% more than it managed a year ago.
But the firm's gains were confined to its long-only products; Polar's hedge funds actually lost about one-fifth of their assets after the firm shuttered its global macro Discovery fund in January.
That move "accounted for a significant proportion of outflows in our hedge fund franchise over the reported period," Polar said.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.