AUM Update

RNS Number : 9199K

Polar Capital Holdings PLC

13 July 2017

 

13 July 2017

Polar Capital Holdings plc

AUM Update

Polar Capital Holdings plc ("Polar Capital" or the "Group"), the specialist asset management group, today provides its regular quarterly update of its unaudited statement of its Assets under Management ("AUM").

Group AUM (unaudited)

Polar Capital reports that as at 30 June 2017 its AUM were £10.0bn compared to £9.3bn at the end of March 2017.

AUM movement in three months to 30 June 2017	Long only funds	Alternative funds	Total
AUM at 31 March 2017	£8,447m	£826m	£9,273m
Net subscriptions / (redemptions)	£377m	£79m	£456m
Market movement and performance	£239m	£14m	£253m
Total AUM at 30 June 2017	£9,063m	£919m	£9,982m

Tim Woolley, Chief Executive Officer, commented:

"This update follows the Group's recently released year end results in which we expressed our confidence in the trading conditions for the Group.  A third consecutive quarter of net inflows continues the encouraging trend of the final two quarters of our last financial year. Inflows were seen across a broad range of our funds.

I am pleased to be handing over the reins of the company to Gavin Rochussen who has such a strong pedigree of leadership in the asset management sector. I believe that I am handing over Polar Capital at a point when the Group is well positioned for future growth."

For further information please contact:

Polar Capital Tim Woolley (CEO to 14 July 2017) Gavin Rochussen (CEO from 17 July 2017) John Mansell (COO)	[phone]
Canaccord Genuity - Nomad and Joint Broker Simon Bridges  (QE) Andrew Buchanan	[phone]
Peel Hunt - Joint Broker Guy Wiehahn	[phone]
Camarco Ed Gascoigne-Pees	[phone]

 

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