Polar Capital lures $1.8bn in inflows

Investment manager Polar Capital yesterday posted a near 30 per cent rise in assets under management to take the total to $9.2bn. The junior stock market listed outfit smashed analyst expectations to attract an extra $1.8bn of assets in just three months, lifting assets by 27 per cent. The vast majority of the cash went into its wide range of long-only investment funds, with about $15m into its hedge funds. The company said it was unlikely flows would continue at the same pace in future. Earlier this month the company floated a trust, the Polar Capital Global Financial Trust plc, which raised £153m.