Polar sees overall growth, HF assets up from September lows


The latest quarterly update from London-listed investment firm Polar Capital shows an increase in the firm’s total assets under management over the past nine months, to $4.24 billion as at 31 December compared with $3.88 billion at the end of March 2011.

The growth is down to the firm’s long-only fund range, which lost $430 million in performance and currency movements over the nine-month period, but brought in $889 million from net subscriptions — for a total of $3.56 billion under management in long-only strategies.

Things are less rosy on the alternatives front, with hedge fund assets down