Polar inflows and profits rise, but hedge fund assets fall


Polar Capital saw net inflows in every quarter of the year ended 31 March, with total assets under management up 31% to $5.08 billion from $3.87 billion a year earlier. But its alternatives business saw net redemptions overall, despite four of its six hedge funds ending the 12-month period in positive territory.

The firm’s audited results for the 12-month period show a pre-tax profit of £9.6 million, up from £9.2 million in 2011. Polar made a core operating profit, excluding performance fees, of £7.1 million – 97% higher than the previous year’s £3.6 million.

Seven of Polar’s eight