AUM Update

RNS Number : 4469H

Polar Capital Holdings PLC

12 July 2012

 



12 July 2012

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)

As at 30 June 2012 the Group's AUM were $5.081bn.    

The table below sets out the movements in the Group's AUM over the three month period to 30 June 2012:

AUM movement Three months to 30 June 2012	Long only funds $m	Hedge funds $m	Total $m
As at 31 March 2012	$4,365m	$718m	$5,083m
Performance and currency movements	$(357)m	$(19)m	$(376)m
Net subscriptions / (redemptions)	$366m	$8m	$374m
Total AUM at 30 June 2012	$4,374m	$707m	$5,081m

Comment

The group is pleased to report that, despite the extremely challenging market conditions, $374m of net subscriptions were received in the quarter. Encouragingly in this quarter the total included a small positive net inflow into the Group's hedge fund products.

We consider that the Group is well positioned to grow further over the coming months assuming market conditions do not deteriorate further.

For further information please contact:

Polar Capital Tim Woolley (CEO) John Mansell (CFO)	[phone]
Canaccord Genuity - Nomad and Broker Simon Bridges Cameron Duncan	[phone]
F T I Consulting Ed Gascoigne-Pees Jack Hickey	[phone]

 

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