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.”
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