Armistice Loses 19% in March as Stock Slump Hits Flagship Fund

Armistice Loses 19% in March as Stock Slump Hits Flagship Fund

Armistice Capital lost almost 19% last month, the biggest decline for the hedge fund’s flagship money pool since its launch more than a decade ago.

Polar Capital stock downgraded amid warning of dividend cut

Polar Capital has been downgraded by two different City analysts after its assets fell significantly more than had been expected by forecasts. The tech-focused asset manager lost £2.4bn over the last quarter almost entirely due to £2.3bn of losses in investment returns, as US tech giants have struggled to match the stock price returns of previous years. This 10 per cent drop in assets was unexpected, as analysts had been expecting a slight uptic…

Polar Capital reports 10% AUM fall in ‘difficult’ first quarter

Polar Capital has released a quarterly AUM update, reporting a 10% fall in assets over a “difficult” period since the start of the year. Over the first quarter of 2025, total AUM fell by £2.4bn, from £23.8bn in December 2024 to £21.4bn at the end of March 2025. This was made up of £100m in net outflows, combined with market movements and fund performance. The group also reported a 2% fall in AUM over the year to March 2025 from £21.9bn to £21.4b…