Polar Capital bounces back from Covid lows as assets surge to £21bn
Aim-listed fund house has doubled the size of its business over three and half years
Polar Capital has bounced back from its Covid lows with assets surging to a record £20.9bn in the last 12 months.
In an update ahead of its final results the Aim-listed manager said assets under management had jumped 10% over the quarter to 31 March and 71% from £12.2bn a year ago after the Covid crisis wiped £2bn from its total.
It has now doubled the size of its business over three and half years which chief executive Gavin Rochussen (pictured) said was “testament to our strategic focus of offering a diversified range of funds whilst maintaining a rigorous focus on performance and active management”.
Hedge fund manager was discharged from psychiatric hospital shortly before he killed himself dailymail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymail.co.uk Daily Mail and Mail on Sunday newspapers.
Polar fund manager Guy Rushton took his own life following extreme stress
Inquest hears how fund manager was ‘extremely stressed’ about his health, work pressures and dwindling fund
Polar Capital fund manager Guy Rushton took his own life in May last year having been “uncertain about the future” and “extremely stressed” about his health, the pressures of work and the dwindling size of his fund, a coroner’s court has heard.
Rushton, 36, was found dead in a barn near his home in Wiltshire shortly after he went missing on 22 May, 2020. Two weeks before his death, he had been discharged from a psychiatric hospital and had been prescribed antidepressants following a previous suicide attempt.