Last checked at 15 Jul 2011 07:00
15 July 2011
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 2011 Group AUM has grown 12% since 31 March 2011 to US$4.35bn.
The table below sets out the Group's AUM as at 30 June 2011 and the movements experienced in the three month period since 31 March 2011:
AUM movement 3 months to 30 June 2011 | Long only funds $m | Hedge funds $m | Total $m |
As at 31 March 2011 | $3,104m | $771m | $3,875m |
Performance and currency movements | $(1)m | $4m | $3m |
Net subscriptions / (redemptions) from ongoing businesses | $544m | $(71)m | $473m |
Total AUM at 30 June 2011 | $3,647m | $704m | $4,351m |
Comment
We are pleased to have achieved our eighth consecutive quarter of net inflows with particularly strong flows into a number of our long only funds. However, given the increasingly uncertain outlook surrounding the European debt crisis and the pace of recovery in the US economy, we would not expect net inflows over upcoming quarters to be at the same level as we achieved in this past quarter.
For further information please contact:
Polar Capital Tim Woolley (CEO)John Mansell (CFO) | +44 (0)20 7227 2700 |
Numis Securities Richard Thomas (Nominated Adviser) Charles Farquhar (Corporate Broking)
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+44 (0)20 7260 1000
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Financial Dynamics Ed Gascoigne-Pees Georgina Turner |
+44 (0)20 7269 7132
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