The most recent quarterly update from Polar Capital shows that assets under management have risen to over $5 billion at 31 March, up from $4.24 billion in December and $3.88 billion a year ago.
According to the most quarterly statement from the publicly quoted firm, however, Polar’s hedge fund assets are down slightly year-on-year. While performance and currency movements added $14 million to hedge fund AUM, net redemptions totalled $67 million – meaning AUM dropped to $718 million from $771 million in March 2011.
The firm’s long-only business has fared much better. Starting out with $3.1 billion in