Source - RNS
RNS Number : 0776F
Polar Capital Holdings PLC
11 July 2019
 

11 July 2019                                       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 2019 its AuM were £14.7bn compared to £13.8bn at the end of March 2019, an increase of 6% over the quarter. In the quarter, AuM increased by £877m of which £150m were net inflows and £727m related to market movement and fund performance.

 

AuM movement in three months to 30 June 2019

Long only

funds

Alternative funds

Total

AuM at 1 April 2019

£12,529m

£1,306m

£13,835m

Net subscriptions

£71m

£79m

£150m

Market movement

and performance

£646m

£81m

£727m

Total AuM at 30 June 2019

£13,246m

£1,466m

£14,712m

 

Gavin Rochussen, Chief Executive, commented:

 

"Given the challenging, volatile and uncertain short-term economic and political conditions it is pleasing to report a quarter of £150m of net inflows after the challenging final six months of our last financial year where the Group suffered from net outflows to dampen the net in-flows of the first six months to September 2018. 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)
John Mansell

+44 (0)20 7227 2700

Numis Securities Limited - Nomad and Joint Broker

Charles Farquhar

Stephen Westgate

Kevin Cruickshank (QE)

+44 (0)20 7260 1000

 

 

Peel Hunt LLP - Joint Broker

Guy Wiehahn

Andrew Buchanan

 

+44 (0)20 7418 8893

 

Camarco

Ed Gascoigne-Pees

 

 

+44 (0)20 3757 4984

 


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