Herbert Smith has advised fund manager Polar Capital Holdings on its IPO and admission to AIM. The listing comprised an offer of both news shares issued by Polar and existing shares sold by the selling shareholders. The Herbert Smith team was led by partner Scott Cochrane. Bridgewell, advised by Addleshaw Goddard, acted as nominated adviser. Last November Herbert Smith advised BlueBay Asset Management, one of Europe's largest independent managers of fixed-income credit funds, on its admission and listing on the London Stock Exchange.