Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at http://citywire.co.uk/wealth-manager/article/a745710

Polar Capital buoyed by 83% asset boost

by Danielle Levy on Apr 10, 2014 at 08:02

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 here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Sponsored Video: Bringing it all back home


As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.

Today's top headlines

Investing for income in a changing environment


With talk on interest rates on the horizon, our latest roundtable debate covers income investing against a changing backdrop

More about this:

Look up the shares

  • Polar Capital Holdings PLC (POLR.L)
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

Archive

On the road

Click here to find out more from the Audience Development team.

Read more...

How is regulation feeding the outsourcing trend?

on Jul 24, 2014 at 10:59

Sorry, this link is not
quite ready yet