AUM Update

RNS Number : 5489S

Polar Capital Holdings PLC

09 July 2015

 

9 July 2015                            

Polar Capital Holdings plc

AUM Update

Polar Capital Holdings plc ("Polar Capital" or the "Group") the specialist asset manager 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 2015 its AUM were $12.3bn unchanged from the $12.3bn at 31 March 2015.

The table below sets out the movements in Polar Capital's AUM over the three month period:

AUM movement three months to 30 June 2015	Long only funds $m	Alternative funds $m	Total $m
As at 31 March 2015	$11,185m	$1,071m	$12,256m
Net subscriptions / (redemptions)	$(583)m	$8m	$(575)m
Market movement and performance	$586m	$32m	$618m
Total AUM at 30 June 2015	$11,188m	$1,111m	$12,299m

Comment

The AUM of the Group has remained unchanged from the figure at the start of our financial year. Net redemptions have been matched by an increase in value of our AUM due to market movements and performance.

We have previously commented that we were hopeful as we commenced a new financial year that the heavy Japan outflows that had been experienced over the past twelve months would start to recede. The evidence is that this is indeed the case as the team's recent top decile quarterly and top quartile six monthly numbers have reminded investors of the team's long term top decile performance since inception.

The Group can confirm the successful launch on 1 July 2015 of Nick Davis' European Income (ex UK) Fund that was a product of investor led demand. The fund will be run along-side Nick's European Income Fund.

For further information please contact:

Polar Capital Tim Woolley (CEO) John Mansell (COO)	[phone]
Canaccord Genuity - Nomad and Broker Simon Bridges (QE) Martin Green Sunil Duggal Kit Stephenson	[phone]
Camarco Ed Gascoigne-Pees	[phone]

 

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