Polar Assets Rise

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.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

Looking for a way to keep warm during the cold weather or rather alleviate your cold while under the weather?