Hedge Fund Honcho Says Asset Growth Will Slow

Oct 22 2007 | 12:29pm ET

Hedge fund asset growth, which in spite of recent market troubles hasn’t missed a beat, will slow in the second half, one hedge fund executive posits.

Polar Capital CEO Mark Kary’s words conflict with those of the Man Group’s Peter Clarke, who earlier this month said he expected no “material” change in hedge fund growth.

In an interview, Kary said,“If there has been a very rapid inflow in the first half, then at the margin it will be a little bit slower for the second half—that’s generally for the industry.” But he added that there “will be pockets that prosper,” notably his own pocket, equity long/short.

“At the margin equity long/short should be a market-share gainer,” he said.

Polar Capital’s assets under management rose 13.8% in the six month ended Sept. 30. The firm now manages $3.88 billion, $2.21 billion of which is in equity long/short strategies.


In Depth

FINalternatives Survey: We Asked Investment Pros...

Apr 2 2016 | 9:42pm ET

The data from our annual reader survey continues to roll in and provide interesting...

Lifestyle

Point72's Cohen Donates $275M To Veterans Mental Health Network

Apr 6 2016 | 8:31pm ET

Billionaire hedge fund manager Steve Cohen has formed a non-profit aimed at treating...

Guest Contributor

Agecroft: Why NYCERS Should Reconsider Exiting All Hedge Funds

Apr 18 2016 | 5:51pm ET

The recent decision by the New York City Employment Retirement System to exit its...