Sun, Apr 26, 2015
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. U.S. does not want hedge funds to invest in offshore re-insurers for tax purposes[more]

    Komfie Manalo, Opalesque Asia: The U.S. Treasury Department on Thursday introduced a new rule aimed at limiting hedge funds’ ability to reduce their tax bills by investing in insurance companies in offshore tax havens. As a general rule, the U.S. tax laws does not allow hedge funds to use off

  2. Ruling: Hedge funds suing Argentina can have access to bond offering details[more]

    Komfie Manalo, Opalesque Asia: U.S. District Judge Thomas Griesa in Manhattan ruled yesterday that hedge funds are entitled to details of a recent bond offering by Buenos Aires, reports

  3. Fund managers express concern of overvaluation in both equity and bond markets[more]

    Komfie Manalo, Opalesque Asia: According to the BofA Merrill Lynch Fund Manager Survey, investors see growing overvaluations in both

  4. Update: Wall Street has strong feelings about Jon Corzine trying to make a comeback[more]

    From Businessinsider.com.au: Former New Jersey Governor Jon Corzine is thinking about starting his own hedge fund, according to the Wall Street Journal, and because of the way his last firm imploded, Wall Street has strong feelings about that. “Truth is the larger seeders would never give him money

  5. Opalesque Exclusive: Cybersecurity and hedge funds - A manager’s experience, Part Four[more]

    Benedicte Gravrand, Opalesque Geneva: Ruane, Cunniff and Goldfarb, Inc. used to have their own IT infrastructure. Todd Ruoff, Executive Vice President in charge of trading, operations and technology, was responsible for its maintenance. Then he started looking at outsourced providers a couple of

 

banner