Polar Capital Regulatory News (POLR)

RNS Number : 4308P

Polar Capital Holdings PLC

16 July 2010

 

 

16 July 2010

 

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 2010 Group AUM has grown 2.45% since 31 March 2010 to US$2.6bn.

 

The table below set out the Group's AUM as at 30 June 2010 and the movements experienced in the three month period since 31 March 2010:

 

AUM movement 3 months to 30 June 2010	Long only funds $m	Hedge funds $m	Total $m
As at 31 March 2010	$1,575m	$955m	$2,530m
Performance and currency movements	($178)m	($79)m	($257)m
Net subscriptions / (redemptions) from ongoing businesses	$268m	$51m	$319m
Total AUM at 30 June 2010	$1,665m	$927m	$2,592m

 

 

Comment

 

While the very challenging market conditions affected the value of the Group's long only assets it is pleasing to report that over the past four quarters net inflows have averaged in excess of $250m per quarter. The highlight of the last quarter was the launch of the Global Healthcare Growth and Income Trust plc which raised £89m. This was a terrific achievement and is a strong vote of confidence from our clients in the product, the team and Polar Capital. We look forward to launching additional products, as well as to attracting new investment talent to the firm.

 

 

 

For further information please contact:

 

Polar Capital Tim Woolley (CEO) John Mansell (CFO)	+44 (0)20 7227 2700
Numis Securities Simon Blank (Nominated Adviser) Charles Farquhar (Corporate Broking)	+44 (0)20 7260 1000
Financial Dynamics Ed Gascoigne-Pees Georgina Turner	+44 (0)20 7269 7132

 

 

This information is provided by RNS

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