Hedge fund firm Polar assets fall, sees new inflows

Reuters – Hedge fund firm Polar Capital reported a fall in assets but has seen net inflows in recent months and said on Wednesday it was looking "more aggressively" at buying firms in distress.

Polar said assets under management fell to $1.54 billion at end-May from $3.1 billion at end-March 2008, although there has been a small rise since the end of March this year.

Chief executive Mark Kary told Reuters the firm had seen "small net inflows" since end-March, particularly into its global macro strategy and European long/short equity funds.

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