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12 Jul 2012 07:00
12 July 2012
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 2012 the Group's AUM were $5.081bn.
The table below sets out the movements in the Group's AUM over the three month period to 30 June 2012:
AUM movement Three months to 30 June 2012 | Long only funds $m | Hedge funds $m | Total $m |
As at 31 March 2012 | $4,365m | $718m | $5,083m |
Performance and currency movements | $(357)m | $(19)m | $(376)m |
Net subscriptions / (redemptions) | $366m | $8m | $374m |
Total AUM at 30 June 2012 | $4,374m | $707m | $5,081m |
Comment
The group is pleased to report that, despite the extremely challenging market conditions, $374m of net subscriptions were received in the quarter. Encouragingly in this quarter the total included a small positive net inflow into the Group's hedge fund products.
We consider that the Group is well positioned to grow further over the coming months assuming market conditions do not deteriorate further.
For further information please contact:
Polar Capital Tim Woolley (CEO)John Mansell (CFO) | +44 (0)20 7227 2700 |
Canaccord Genuity - Nomad and Broker Simon Bridges Cameron Duncan | +44 (0)20 7523 8000
|
F T I Consulting Ed Gascoigne-Pees Jack Hickey | +44 (0)20 7269 7132 |
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