Saturday, 29 April 2017
Last updated 15 hours ago
Apr 16 2012 | 12:47pm ET
Polar Capital continues to bring in money hand over fist.
The London-based money manager added another US$200 million to its assets under management in the first quarter and now manages almost three times as much as it did in 2010.
The three-month gain means Polar has taken in more than US$1 billion in inflows over the past 12 months. All told, it manages some US$900 million more than at the end of last year, thanks to performance gains.
Unfortunately for the firm, its hedge funds have not kept pace with its mutual funds; quite the opposite. Polar's hedge funds have continued to see outflows even as its overall asset base soars.