Money managers under the microscope
Having more than halved in the year to March, Polar’s assets edged upagain to $2 bln, from $1.9 billion at end-Sept and $1.5 bln in March.
Rising markets have undoubtedly helped. Performance and currency movements over the six months to Sept added $366 mln, much of which was from long-only funds.
But clients are also slowly putting their money back into funds — around $57 mln into long-only funds and $54 mln into hedge funds.
Hedge fund stories from the past 24 hours from Reuters and elsewhere:
Hedge funds face investor war on fees – Reuters
Och-Ziff third quarter income falls – Reuters
Mark Kary to resign from Polar Capital - FT Adviser
Asian hedge fund asset on the rise – Bloomberg