Polar Up To US$5 Billion In Assets After Q1 Inflow

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.


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