Polar Hedge Funds Taste Inflows

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.

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