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’Snap news
Breaking pre-market news on Wednesday,
- Polar capital sees assets under management fall 52% to $1.5bn – statement.
- Development Securities announces £100m share offer – statement.
- Corporate:
If Blackstone is selling, why are you buying?
One by one, the big companies of the alternative investment industry are selling – but this may well be a trend to sit out, says Matthew Lynn in his Bloomberg column.
Blackstone, which has spent $160bn taking companies private in the past two decades,
Polar bull comes to market
Shares in Polar Capital, the fund management boutique founded by Brian Ashford-Russell, the former star Henderson fund manager, shot up 26 per cent on the company’s debut on Aim on Tuesday as investors piled into the latest alternative asset manager to hit the London market.
Polar bull
The formula, we are promised, will be in the prospectus, or at least there will be enough of an explanation for the outside world to work out how Polar Capital manages a rare capital feat — issuing effective share options to staff that enhance,