Update: Polar Capital to expand hedge fund range

Chief executive Tim Woolley has revealed the group will be looking to expand its offering in the hedge fund space over the next 12 months.

Woolley, speaking after the group's results were released this morning, said Polar had plans to increase its presence in the long/short space. "We would like to add something on the hedge fund side over the next 12 months," said Woolley. "We are not focused on a particular sector yet, we are more focused on finding differentiated talent." Polar already has a number of offerings in the hedge fund space, including the ALVA Global Convertible hedge fund, and the European Forager fund. Earlier today, the specialist investment management group - which recruited heavily in 2010 - said it...