Wednesday, 23 July 2014
Last updated 13 hours ago
Jan 15 2013 | 12:07pm ET
Polar Capital’s assets under management rose by almost half last year to more than US$6 billion.
The London-based hedge fund’s assets rose to US$6.02 billion as of Dec. 31. Most of the increase came in Polar’s long-only funds, which took in US$842 million. Its hedge funds, which finally began seeing inflows again last year, added only $81 million in new money in the last nine months of 2012—but whereas Polar’s long-only funds lost US$19 million during the period, the hedge funds earned a tidy US$34 million profit.
All told, Polar’s hedge funds account for US$833 million of the firm’s assets.
“It is encouraging to report that the positive flows have continued with a further US$518 million of net inflows being received in our third quarter, across a range of strategies, taking the year-to-date net inflows up to US$932 million,” Polar said. “Assuming market conditions do not deteriorate, we are well-positioned to continue to grow our AUM in 2013.”
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…