Polar Assets Top US$6 Billion

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.”


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

Analyzing The Digital Footprint: What Operational Data Can Tell You About Future Risk

Mar 30 2017 | 3:38pm ET

Advances in technology and increasing operational complexity in search of higher...

 

From the current issue of