12 Jul 2018 07:00
12 July 2018 Polar Capital Holdings plc
AuM Update
Polar Capital Holdings plc ("Polar Capital" or the "Group"), the specialist active asset management group, today provides its quarterly update of its unaudited statement of its Assets under Management ("AuM").
Group AuM (unaudited)
Polar Capital reports that as at 30 June 2018 its AuM were £13.6bn compared to £12.0bn at the end of March 2018, an increase of 13% over the quarter. In the quarter, AuM increased by £1.6bn of which £694m were net inflows and £927m related to market movement and fund performance.
AuM movement in three months to 30 June 2018 | Long only funds | Alternative funds | Total |
AuM at 1 April 2018 | £10,812m | £1,168m | £11,980m |
Net subscriptions | £544m | £150m | £694m |
Market movement and performance | £839m | £88m | £927m |
Total AuM at 30 June 2018 | £12,195m | £1,406m | £13,601m |
Gavin Rochussen, Chief Executive, commented:
"While we are aware that a more challenging environment for equities will arise at some point given the advanced stage of the long recovery cycle post the financial crisis, we remain confident that our active fundamental fund strategies will continue to deliver above average returns for our clients."
For further information please contact:
Polar Capital Gavin Rochussen (Chief Executive Officer)John Mansell (Chief Operating Officer) | +44 (0)20 7227 2700 |
Canaccord Genuity - Nomad and Joint Broker Simon Bridges (QE) Andrew Buchanan Margarita Mitropoulou | +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 |
Polar Capital (POLR)