LONDON (Reuters) – Polar Capital Holdings, which runs hedge funds and other funds, said on Monday it was applying to float its shares in London, adding to a recent trend of investment company listings.
Polar, which was founded in 2000 and runs 15 funds with combined assets of more than $3 billion (1.5 billion pounds) as at December 31 last year, expects to be admitted to the Alternative Investment Market in February, Polar said in a statement to the London Stock Exchange.
A number of hedge-fund businesses have listed on European markets in recent months to tap demand for these pools of assets and raise capital for new technology or to offer stakes for existing managers and to attract new talent.
