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Polar Capital posts £820m six-month inflow

Polar Capital posts £820m six-month inflow

Strong inflows in the last six months helped lift Polar Capital's assets under management (AUM) above the £10 billion mark.

The firm registered a third quarter net inflow of more than £350 million, which followed an inflow of around £450 million in the previous three months.

Overall inflows in the six months to the end of September stood at £820 million.  Within this, £656 million went into its long-only fund range and £164 million into its alternative funds. 

AUM rose from £9,3 billion at the end of March 2017 to £10.6 billion as at 30 September 2017. 

Performance fees shot up from £2.8 million in the corresponding period of the previous year to £9,6 million. 

In an announcement to the stockmarket Polar, which appointed Gavin Rochussen (pictured) as chief executive in July, said the flows in the most recent quarter were seen across a broad range of strategies.

These included its two UK strategies, Technology, Healthcare, Insurance, Income Opportunities and European Income funds.

The firm also noted the current quarter had started in an 'encouraging fashion' following the successful launch of the Automation and Artificial Intelligence Fund.

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