REG - Polar Capital Hldgs - AuM Update

Polar Capital HoldingsAnnouncement

12/07/2018 07:05

RNS Number : 3644U
Polar Capital Holdings PLC
12 July 2018
 


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



 
 




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