Polar reports 71% year-on-year growth in assets


Polar Capital’s assets under management have grown 71% year-on-year, according to unaudited figures released by the London-listed asset manager this week. The firm managed $2.53 billion at 31 March this year, compared with $1.48 billion a year earlier. Since the end of December, assets are up 17% from $2.17 billion.

The firm’s hedge fund assets stood at $955 million on 31 March, up from $699 million in March 2009. Net inflows contributed $253 million to the year-on-year boost, with $55 million coming from performance and currency movements. These were partially offset by $52 million in outflows from closed funds.