Wed, Jul 23, 2014
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. Events – AIMA Australian Hedge Fund Forum, Sept. 16, Sydney[more]

    AIMA Australia invite you to join us at our annual Hedge Fund Forum on Tuesday 16th September 2014 at the Sofitel Sydney Wentworth. The AIMA Australian Hedge Fund Forum is a non-profit hedge fund conference organised by the industry for the industry, featuring quality Australian and internation

  2. Opalesque Exclusive: Loeb, Grantham cite growing economic concerns in letters[more]

    Bailey McCann, Opalesque New York: Hedge fund manager Daniel Loeb, head of Third Point, and Jeremy Grantham of Grantham, Mayo, Van Otterloo & Co. have both released their quarterly investor letters today. While news is positive on some fronts, and both men see pockets of opportunity, they also h

  3. Investing – Hedge funds expect Netflix earnings to catapult forward, Third Point's Loeb takes stakes in Fibra Uno, YPF, Royal DSM, Lake Capital in talks to back Engine Group[more]

    Hedge funds expect Netflix earnings to catapult forward From Investing.com: Netflix has made major strides forward in 2014 despite ongoing battles with the FCC and cable companies over the issue of net neutrality. The FCC has now received over 500,000 comments from the public on its pend

  4. Opalesque Roundtable: European family offices struggle to retain their investments in offshore hedge funds[more]

    Komfie Manalo, Opalesque Asia: The European Union’s Alternative Investment Fund Managers Directive (AIFMD) will constrain investment opportunities amidst concern a number of U.S. fund managers will stop marketing their products in the European Union under the new rule, said Valentin Bohländer fro

  5. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm