Tuesday, 27 January 2015
Last updated 7 hours ago
Jul 12 2012 | 10:22am ET
For more than a year, Polar Capital has been rebuilding its asset base. But investors still stubbornly refused to return to its hedge funds.
Until now: The London-based money manager saw its first net inflow into its hedge funds in recent memory, taking in US$8 million. That contributed to an inflow of US$374 million to all of its funds in the second quarter.
Polar's assets now stand at $5.081 billion, slightly less than it managed three months ago due to performance losses.
"We consider that the group is well-positioned to grow further over the coming months, assuming market conditions do not deteriorate further," Polar said.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…