Funds Hub
Money managers under the microscope
Thaw continues at Polar
Polar Capital, with co-founder Tim Woolley now at the helm again, delivered a solid set of numbers this morning, adding to growing evidence that clients are coming back to hedge funds, albeit slowly.
REUTERS/Bob Strong
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.
