Polar passes the £3bn assets milestone

Fund firm Polar Capital saw its total assets rise above $5bn (£3bn) after another quarter of client inflows, as a number of investment managers benefit from a rebound in financial markets and investor sentiment this year.

The London-based firm, which has been winning clients to its mutual funds while seeing outflows from its hedge funds, posted net client inflows of more than $200m over the three months to end-March.

The figures mean that Polar has seen more than $1bn of net client inflows over the past year, despite investor nervousness over the eurozone’s debt crisis.