Polar assets rise in quarter

Polar Capital said group assets under management rose two per cent to more than $13.2bn in the March quarter after it took in $750m in new investment across a range of products. “Markets have made an uncertain start to 2014 but assuming they do not deteriorate from recent levels we remain well positioned to continue to grow our assets and profits further in our new fiscal year,” the London-based investment manager said in a statement.