Polar Capital | Hedge Fund NotesThe following piece on Polar Capital is being published as part of our daily effort to track hedge funds in the industry. To review other hedge fund research notes please see our Hedge Fund Tracker Tool.
Story #1: Polar Capital Assets Rise, Again
Hedge fund firm Polar Capital (POLR.L) said on Tuesday its assets under management were up slightly, its first rise since a wave of redemptions hit the sector over the last year.
The fund's total assets under management increased 3.1 percent between March and June, to $1.53 billion from $1.48 billion. Polar's long-only fund rose from $746 million to $847 million.
In March 2008 Polar Capital managed more than $3 billion of assets but then saw its assets halve as investors moved their money out of the hedge fund sector.
"It is encouraging to note that the anticipated drying up of redemption requests has materialised," Polar said. "There are now some positive signs that the industry in general and Polar Capital in particular is beginning to see a change in sentiment," Polar added. Source
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