Redemptions from Polar Capital are expected to reach $500m in Q4 2008 because of market volatility. ...
Redemptions from Polar Capital are expected to reach $500m in Q4 2008 because of market volatility. In addition to these redemptions, Polar Capital says the recent announcement of Julian Barnett's resignation will account for a further $400m of outflows as his Paragon fund is wound up. The Paragon fund is Polar Capital's largest hedge fund and investors in the portfolio will be given the opportunity to reinvest in the group's other hedge funds. In an unaudited statement of its assets under management, (AUM) the specialist asset management group says AUM fell by 22 % from 31 March 2008...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
