AuM Update

RNS Number : 3644U
Polar Capital Holdings PLC
12 July 2018
 

12 July 2018                                       Polar Capital Holdings plc

AuM Update

 

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

 

Group AuM (unaudited)

 

Polar Capital reports that as at 30 June 2018 its AuM were £13.6bn compared to £12.0bn at the end of March 2018, an increase of 13% over the quarter. In the quarter, AuM increased by £1.6bn of which £694m were net inflows and £927m related to market movement and fund performance.

 

AuM movement in three months to 30 June 2018

Long only

funds

Alternative funds

Total

AuM at 1 April 2018

£10,812m

£1,168m

£11,980m

Net subscriptions

£544m

£150m

£694m

Market movement

and performance

£839m

£88m

£927m

Total AuM at 30 June 2018

£12,195m

£1,406m

£13,601m

 

Gavin Rochussen, Chief Executive, commented:

 

"While we are aware that a more challenging environment for equities will arise at some point given the advanced stage of the long recovery cycle post the financial crisis, we remain confident that our active fundamental fund strategies will continue to deliver above average returns for our clients."

 

 

For further information please contact:

 

Polar Capital

Gavin Rochussen (Chief Executive Officer)
John Mansell (Chief Operating Officer)

+44 (0)20 7227 2700

Canaccord Genuity - Nomad and Joint Broker

Simon Bridges (QE)

Andrew Buchanan

Margarita Mitropoulou

+44 (0)20 7523 8000

 

Peel Hunt - Joint Broker

Guy Wiehahn

+44 (0)20 7418 8893

Camarco

Ed Gascoigne-Pees

 

+44 (0)20 3757 4984

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
MSCEASXFFDEPEFF
UK 100

Latest directors dealings