Wealth Manager - the site for professional investment managers

Register for full access to Citywire’s Fund Manager database, news and analysis. 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 Inside ETFs: Why the US bull-run still has legs

Inside ETFs: Why the US bull-run still has legs

Global equities suffered a sharp sell-off in the third quarter but exchange traded fund investors are continuing to back the US to outperform in 2015

Play Paul Niven: I won't rip up the Foreign & Colonial Trust history book

Paul Niven: I won't rip up the Foreign & Colonial Trust history book

The newly appointed manager of the Foreign & Colonial trust talks about his plans for UK's oldest investment company.

Play Dangerous daisy chains, Black Friday blues and Uber valuations

Dangerous daisy chains, Black Friday blues and Uber valuations

This week’s Investment Pulse looks at the domino effect in European banks, America’s disappointing Black Friday and how much Uber is really worth.

Your Business: Cover Star Club

Manchester wealth firm hires Coutts director for London launch

Manchester wealth firm hires Coutts director for London launch

Former Coutts director Tony Robinson has joined Chartered Wealth Management to head the company’s newly opened London office.

Wealth Manager on Twitter