Polar AUM continues to swell
Polar Capital’s AUM increased by over a quarter in the three month period to the end of June 2013 and now stands at $9.2bn, up from $7.2bn at the end of March.
Polar Capital’s AUM increased by over a quarter in the three month period to the end of June 2013 and now stands at $9.2bn, up from $7.2bn at the end of March.
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The opening paragraph in last Friday's Financial Times read: "A sell-off in equities, bonds and commodities yesterday [Thursday 20 June] fuelled fears that the world is entering a fresh phase of financial turbulence as the US Federal Reserve prepares to ease its large-scale asset purchases."
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Polar Capital has made two new hires for its healthcare team as it looks to expand its range of healthcare investment products ahead of a predicted uptick in opportunities in the sector.
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Polar Capital reported an increase in AUM in the four quarters to end of March 2013, resulting in a 42% increase in total over the 12 month period.
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Polar Capital is considering launching a third investment trust which will focus on global financials and target commitments of around £100m.
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Polar Capital's assets under management have grown in the year to the end of September to $5.3bn.
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Polar Capital plans to launch a new Japanese equity fund seeded by the recently announced Battle Against Cancer Investment Trust (BACIT).
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Polar Capital saw its assets under management increase by more than a third year-on-year to the end of September.
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Polar Capital has reunited Andrew holliman with two former Baillie Gifford colleagues as the firm readies a global equity fund launch.
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Polar Capital’s hedge fund range saw assets under management fall by nearly $100m compared to a rise of close to $900m.
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Polar Capital’s interim results show an uplift in profits as well as assets under management.
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Andrew Holliman is to run Polar Capital’s first long-only US equity fund, three months after joining the firm from Threadneedle.
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