Last checked at 9 Jul 2015 07:00
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) | +44 (0)20 7227 2700 |
Canaccord Genuity - Nomad and Broker Simon Bridges (QE) Martin Green Sunil Duggal Kit Stephenson | +44 (0)20 7523 8000
|
Camarco Ed Gascoigne-Pees
| +44 (0)20 3757 4984 |