AUM Update

RNS Number : 3898Z

Polar Capital Holdings PLC

23 July 2008

 



23 July 2008

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 up date of its un-audited statement of its Assets under Management ('AUM').

Group AUM (unaudited)

Group AUM as at 30 June 2008 are up 3.5% since 31 March 2008 to US$3.25bn. 

The table below sets out the Group's AUM as at 30 June 2008 and the movements experienced in the 3 month period since 31 March 2008:

AUM movement 3 months to 30 June 2008	Long $m	Hedge $m	Advisory $m	Total $m
As at 31 March 2008	$1,016m	$2,006m	$122m	$3,144m
Performance and currency movements	$28m	$210m	$9m	$247m
Net subscriptions / (redemptions) from ongoing businesses	$31m	$114m	($8)m	$137m
Outflows from Japan Hedge Fund	nil	($275)m	nil	($275)m
Total AUM at 30 June 2008	$1,075m	$2,055m	$123m	$3,253m

Gross performance fees (unaudited)        

The table below sets out the position relating to gross performance fees earned and accrued in the first three months of the year to 31 March 2009:

Performance fees gross of manager allocations	As at 30 Jun 07 £m	As at 31 Mar 08 (year end) £m	As at 30 Jun 08 £m
Received	£0.8	£21.1	-
Accrued but not yet earned in funds with year ends on or before following 31 March year end	£14.6	n/a	£27.6
Total performance fees	£15.4m	£21.1m	£27.6m

For further information please contact:

Polar Capital Mark Kary John Mansell	[phone]
Landsbanki Simon Bridges Claes Spang	[phone] [phone]
Financial Dynamics  Ed Gascoigne-Pees Felicity Murdoch	[phone] [phone]

 

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