Hedge Fund News From HedgeCo.Net


Polar Capital managed assets fall 22 percent

International Herald Tribune – Fund manager Polar Capital Holdings said on Friday that assets under management in the nine months to December fell by 22 percent to $2.45 billion (1.65 billion pounds), due to market deterioration.

The fund manager, which runs hedge funds and long-only funds, said it expects $500 million of redemptions in the three months to March.

The resignation of Julian Barnett, manager of its Paragon hedge fund, is expected to bring about a further $400 million outflows when the fund is wound up.

Read Complete Article

Related Posts Plugin for WordPress, Blogger...

About the HedgeCo News Team

The Hedge Fund News Team stays on top of breaking news in the Hedge Fund industry on an hourly basis. Signup to HedgeCo.Net to recieve Daily or Weekly news updates from our team.
This entry was posted in Syndicated and tagged , , , , , , , , , , . Bookmark the permalink.

Comments are closed.