Polar Apex today announced that strong earnings from assets under management, particularly CustomerPR, produced a 13.2% increase in cash during the fourth quarter of 2021. This places the company in a strong position for the beginning of 2022, providing additional resources as the company continues to scale its investments in the freelance and home repair industries.
"This increase in cash is a testament to the hard work of our team and the success of our investment strategy," said Daniel Dulgerian, Managing Partner of Polar Apex. "We are committed to providing our members with sound investments by developing new ventures with strong balance sheets."
Members will be receiving a 35% distribution on the 13.2% increase in cash. This payout is reflective of the success of CustomerPR and other holdings within Polar Apex's portfolio.
"We are very pleased with our performance in Q421 and excited to continue providing our members with industry-leading returns," said Dulgerian. "Our team has worked hard to identify opportunities in the market and we're looking forward to seeing our investments pay off over the coming year."
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