Thu, Jun 29, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Polar Capital announces successful completion of GBP89m fundraising for the Polar Capital Global Healthcare Growth and Income Trust

Tuesday, June 15, 2010
Opalesque Industry Update - Polar Capital Holdings plc (“Polar Capital”), the specialist asset management group, announced today that is has successfully completed a fundraising for a new investment trust, the Polar Capital Global Healthcare Growth & Income Trust plc (“PCGH”). The fundraising raised £89 million before expenses and it is intended that the ordinary shares of PCGH will be admitted to trading on the London Stock Exchange plc on Tuesday 15 June 2010.

Tim Woolley, CEO, Polar Capital, said: “I am delighted with the success of this fundraising which has been carried out in the face of very challenging market conditions and gives Polar Capital a second investment trust to manage. This adds further momentum to our continued growth in AUM and diversification of the business. We will continue to look to develop our business through additional product launches, bringing in additional teams and enhancing our distribution and client service capability.”

John Regnier-Wilson, Head of Sales of Closed Ended Funds, commented: “The success of this fundraising is a great testament to the investment case for Healthcare and structure of the trust. Healthcare is currently trading at near 30 year lows in terms of relative valuations. We are delighted to see that over 90% of the support for this fundraising for PCGH came from private client wealth managers.”
Corporate website: Source

See our January Opalesque Exclusive: Polar Capital expands sales team to support growth of UK business Source


PD

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Legal - Bond market concerns could scuttle Paulson's Fannie-Freddie plan[more]

    From Bloomberg.com: A hedge fund proposal for freeing Fannie Mae and Freddie Mac from U.S. control is poised to face stiff opposition from investors who say it risks wrecking the mortgage-bond market. The Moelis & Co. blueprint, which firms including Paulson & Co. and Blackstone Group LP sponsored,

  2. Other Voices: Are your pricing policies and procedures for less liquid instruments adequate?[more]

    Komfie Manalo, Opalesque Asia: The unrelated position mismarking incidents that quickly precipitated the closures of both Visium Asset Management and Marinus Capital have been recent focal points for market participants, but regulatory scrutiny of valuation choices for less liquid instruments is

  3. FinTech - AI hedge fund Numerai now live on Ethereum, Cryptocurrency hedge funds generate huge returns as bitcoin surges[more]

    AI hedge fund Numerai now live on Ethereum From Cryptoninjas.net: Back in February, Numerai announced numeraire (NMR), a cryptographic token to incentivize a new kind of hedge fund built by a network of data scientists. Earlier today, the Numeraire smart contract was officially deployed

  4. Investing - Advisors slash hedge fund positions, Theravance Biopharma is a top pick of investment guru Seth Klarman, As asset management industry grows a search for new revenue streams[more]

    Advisors slash hedge fund positions From Barrons.com: Financial advisors have cut wealthy clients' exposure to hedge funds by up to one third over the past 12 months, The Financial Times reports. Advisor firms in the FT's annual top-300 ranking have reduced their hedge fund allocation to

  5. Investing - U.S. hedge fund in anonymous bet against Tesco shares, Hedge funds made repeated attempts to invest in Veneto banks, Steve Cohen's Point72 takes stake in struggling electronics retailer Conn's, Hedge fund Excalibur bets Riksbank will tighten by end of year[more]

    U.S. hedge fund in anonymous bet against Tesco shares From FT.com: A $20bn New York hedge fund is using an offshore shell company to anonymously bet against the shares of the UK supermarket Tesco, raising fresh questions over the efficacy of European short selling disclosure rules.