Hedge Fund Firm Polymer Boosts Assets by $1.7 Billion in 2022
- Its assets hit $4.3 billion, up 65% compared with 2021-end
- Its fund gained 2.4% this year, has nearly 50 investment teams
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A Hong Kong-based hedge fund firm led by a former Asia head of Point72 Asset Management LP boosted assets by $1.7 billion in 2022, defying the outflows seen globally and regionally amid volatile markets.
Polymer Capital Management’s assets hit $4.3 billion, according to a person with knowledge of the matter, who asked not to be identified as the information is private. That represents a 65% jump from the amount at the end of 2021 disclosed by minority shareholder PAG Holdings Ltd. in a draft share sale document earlier this year.