Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Polar Capital buoyed by 83% asset boost

Polar Capital buoyed by 83% asset boost

Polar Capital has posted an 83% asset rise over the past 12 months.

At the end of March assets stood at just over $13.2 billion (£7.9 billion), up from $7.2 billion last year. Over the first quarter asset growth was slower at just 2%. Net inflows over the three month period were over $750 million across its fund range, which the group noted offset the impact of adverse market movements. 

Over the 12 month period Polar Capital saw net inflows of $4.9 billion into its long-only range, countering a $252 million outflow caused by the closure of the the specialist asset manager's UK team. The firm's alternative funds fared less well, up just $97 million over the period at $934 million. 

The group commented: 'Markets have made an uncertain start to 2014 but assuming they do not deteriorate from recent levels we remain well positioned to continue to grow our assets and profits further in our new fiscal year.'

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Biotech Growth: we will ride out this storm

Biotech Growth: we will ride out this storm

Geoffrey Hsu of Biotech Growth Trust says the sell-off in biotechnology stocks represents a buying opportunity for long-term investors.

Play Picton: the UK property hotspots for rental income

Picton: the UK property hotspots for rental income

Picton Property Income CEO Michael Morris reveals how he is planning to ride the ‘ripple effect’ as UK economic growth spills out from the capital across the country.

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

This week Brewin Dolphin's head of research talks to Mike Riddell, fund manager at Allianz Global Investors, about the forces driving bonds markets in a tumultuous week for markets.

Your Business: Cover Star Club

Profile: PortfolioMetrix is on a mission to kill 'Frankenstein' systems

Profile: PortfolioMetrix is on a mission to kill 'Frankenstein' systems

In a buyers’ market for off-the-peg discretionary management, self-funded start-ups begin at an inherent disadvantage

Wealth Manager on Twitter