Friday, 22 August 2014
Last updated 8 hours 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.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note