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.