Fri, Dec 15, 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. Mediobanca acquires majority stakes in Swiss hedge fund[more]

    Komfie Manalo, Opalesque Asia: Listed diversified banking group Mediobanca SpA said it has acquired a majority stake in Geneva-based hedge fund firm RAM Active Investments SA (RAM AI), an active and alternative asset manager offering a range of act

  2. Launches - Ex-BlueCrest team to open over $200m hedge fund, Greg Coffey, a hedge fund star who retired at 41, is eyeing a comeback, Brevan Howard plans Greek funds as bond rally signals revival[more]

    Ex-BlueCrest team to open over $200m hedge fund From Bloomberg.com: A team of traders who left BlueCrest Capital Management earlier this year raised more than $200 million for their own hedge fund focused on Asian stocks, according to a person familiar with the matter. Ovata Capital Manag

  3. North America - Miami could attract hedge funds if SALT deductions axed[more]

    From Law360.com: For years, inertia has been Nitin Motwani's greatest foe in his attempts to lure hedge fund owners in the northeast to Miami, which he has pitched as a tropical low-tax paradise. But with the Republican tax bill proposing to eliminate deductions for state and local taxes, he's sensi

  4. Northleaf Capital Partners closes debut private credit fund on $670M[more]

    Bailey McCann, Opalesque New York: Northleaf Capital Partners has closed its debut private credit fund - Northleaf Private Credit I - on $670 million. The vehicle will invest in private credit transactions in Europe and North America, with a primary focus on lending to private equity-backed compa

  5. ...And Finally - The ongoing gun saga in the U.S.[more]

    From Newsoftheweird.com: As elder members of the First United Methodist Church in Tellico Plains, Tennessee, gathered on Nov. 16 to discuss the recent church shooting in Sutherland Springs, Texas, one of those present asked if anyone had brought a gun to church. One man spoke up and said he c