Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksPolar Capital Regulatory News (POLR)

Share Price Information for Polar Capital (POLR)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 550.00
Bid: 548.00
Ask: 552.00
Change: -1.00 (-0.18%)
Spread: 4.00 (0.73%)
Open: 560.00
High: 560.00
Low: 548.00
Prev. Close: 550.00
POLR Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

AUM Update and appointment of joint broker

12 Oct 2015 07:00

RNS Number : 8594B
Polar Capital Holdings PLC
12 October 2015
 

12 October 2015

 

Polar Capital Holdings plc

AUM Update and appointment of joint broker

 

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)

 

Polar Capital reports that as at 30 September 2015 its AUM were $10.9bn compared to the $12.3bn reported at 31 March 2015.

 

The table below sets out the movements in the Group's AUM over the six month period:

 

AUM movement

Six months to 30 September 2015

Long only funds

$m

Alternative funds

$m

Total

$m

As at 31 March 2015

$11,185m

$1,071m

$12,256m

Net subscriptions / (redemptions)

$(783)m

$73m

$(710)m

Market movement and performance

$(609)m

$(7)m

$(616)m

Total AUM at 30 September 2015

$9,793m

$1,137m

$10,930m

 

Comment

 

As at the end of September our AUM were $10.9bn down $1.4bn from our AUM at our last update at the end of June and from our AUM at the end of our last financial year. In contrast to recent quarters the fall in AUM was largely attributable to the impact of falling markets on our long only funds. We were pleased to see the level of net outflows from our main Japan fund slow considerably compared to recent quarters and indeed the fund actually returned to net inflows during September. 

 

Net inflows into a range of our other funds though was insufficient to offset the outflows we saw from Japan during July and August but the level of net outflows for the quarter at $135m was considerably lower than the level seen in the June quarter.

 

Short-term our AUM levels will be heavily impacted by the direction of world stock markets but the generally strong performance of our funds gives us encouragement that we can return to quarterly net inflows again if market conditions improve. This can be evidenced by the fact that as shown below, 13 of our 16 Lipper rated open ended funds (those with at least a one year track record) are first or second quartile over one year, continuing the excellent record since inception.

 

 

 

1 year

3 Years

5 years

Since

inception

1st quartile

10 funds

5 funds

3 funds

11 funds

2nd quartile

3 funds

2 funds

2 funds

4 funds

3rd quartile

2 funds

2 funds

1 fund

1 fund

4th quartile

1 fund

1 fund

N/A

N/A

 

 

 

Net performance fees (unaudited)

 

The table below sets out the position relating to net performance fees (after the deduction of staff interests) earned and accrued in the first six months of the Group's financial year. The majority of the Group's performance fees crystallise in the second half of the financial year.

 

Performance fees

net of staff allocations

Six months to

30 Sept 14

£m

Year to

31 Mar 15

(year-end)

£m

Six months to

30 Sept 15

£m

Received

£0.0m

£5.2m

£0.0m

Accrued but not yet earned in funds with year ends on or before the financial year end

£4.2m

n/a

£3.9m

Total net performance fees

£4.2m

£5.2m

£3.9m

 

 

Appointment of joint broker

 

The Company is pleased to announce, with immediate effect, the appointment of Peel Hunt as its joint broker alongside Canaccord Genuity.

 

 

 

For further information please contact:

 

 

Polar Capital

Tim Woolley (CEO)John Mansell (COO)

+44 (0)20 7227 2700

Canaccord Genuity - Nomad and Joint Broker

Simon Bridges (QE)

Kit Stephenson

+44 (0)20 7523 8000

 

Peel Hunt - Joint Broker

Guy Wiehahn

+44 (0)20 7418 8893

Camarco

Ed Gascoigne-Pees

 

+44 (0)20 3757 4984

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCUKUSRVSARRAA
Date   Source Headline
30th Sep 20135:36 pmRNSIssue of Equity
25th Sep 20137:00 amRNSIssue of Equity
20th Sep 20134:15 pmRNSHolding(s) in Company
17th Sep 20131:55 pmRNSAdditional Listing
2nd Sep 20133:12 pmRNSHolding(s) in Company
2nd Sep 20132:59 pmRNSTotal Voting Rights
23rd Aug 20133:15 pmRNSAdditional Listing
1st Aug 20131:23 pmRNSTotal Voting Rights
23rd Jul 20135:48 pmRNSResult of AGM
23rd Jul 20137:00 amRNSIssue of Equity
18th Jul 20135:29 pmRNSHolding(s) in Company
11th Jul 20137:00 amRNSAUM Update
5th Jul 20133:20 pmRNSGrant of Share Options
4th Jul 20135:37 pmRNSHolding(s) in Company
1st Jul 20139:16 amRNSTotal Voting Rights
28th Jun 20139:44 amRNSIssue of Equity
21st Jun 201311:07 amRNSAnnual Financial Report
14th Jun 20137:00 amRNSPreliminary Results
22nd May 201311:45 amRNSNotice of Preliminary Results
20th May 20137:00 amRNSIntention to Launch a Global Investment Trust
16th Apr 20137:00 amRNSAdditional Listing
11th Apr 20137:00 amRNSAUM Update
11th Apr 20137:00 amRNSHolding(s) in Company
2nd Apr 20133:51 pmRNSHolding(s) in Company
2nd Apr 20137:00 amRNSTotal Voting Rights
28th Mar 201310:33 amRNSHolding(s) in Company
28th Mar 201310:21 amRNSHolding(s) in Company
28th Mar 20139:19 amRNSIssue of Equity
12th Mar 20133:55 pmRNSHolding(s) in Company
12th Mar 20133:55 pmRNSHolding(s) in Company
12th Mar 20133:55 pmRNSHolding(s) in Company
12th Mar 20133:55 pmRNSDirectors' Dealings
11th Jan 20137:00 amRNSAUM Update
8th Jan 20131:12 pmRNSHolding(s) in Company
31st Dec 20129:40 amRNSTotal Voting Rights
18th Dec 201210:23 amRNSHalf Yearly Report
12th Dec 20127:00 amRNSAdditional Listing
7th Dec 20127:00 amRNSInterim Results
19th Nov 20124:35 pmRNSNotice of Interim Results
1st Nov 20129:43 amRNSTotal Voting Rights
17th Oct 20122:46 pmRNSIssue of Equity
11th Oct 20127:00 amRNSAUM Update
1st Oct 20129:01 amRNSTotal Voting Rights
21st Sep 20124:11 pmRNSHolding(s) in Company
19th Sep 20124:13 pmRNSHolding(s) in Company
19th Sep 201211:50 amRNSAdditional Listing
24th Jul 20125:07 pmRNSHolding(s) in Company
23rd Jul 20124:20 pmRNSResult of AGM
12th Jul 20127:00 amRNSAUM Update
29th Jun 20124:31 pmRNSHolding(s) in Company

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.