Polar Capital posts rising assets, inflows in Q2
11/07/2024 07:18
LONDON, July 11 (Reuters) - Polar Capital POLR.L on
Thursday reported a 7% rise in assets under management to 23.5
billion pounds ($30.2 billion) in the quarter to end-June,
boosted by net inflows of 644 million pounds and rising interest
in funds managed by its emerging markets and Asian Stars teams.
Chief Executive Gavin Rochussen said the inflows since March
reflected the culmination of extensive client engagement over
recent years, which has bolstered investor allocations over the
two most recent quarters.
But he flagged continued potential for future redemptions
among investors still spooked by ongoing geopolitical and
macroeconomic tensions.
"While the pipeline of investor interest for our fund range
remains strong, and it has been pleasing to have two consecutive
quarters of net inflows, many investors are still grappling with
multiple geopolitical and market risks," he said in a statement.
($1 = 0.7778 pounds)
(Reporting By Sinead Cruise; Editing by Amanda Cooper)
((sinead.cruise@thomsonreuters.com; 020 7513 5026; Reuters
Messaging: sinead.cruise.thomsonreuters.com@reuters.net))