Sunday, 2 August 2015
Last updated 1 day 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…