AUM Update

RNS Number : 2267K

Polar Capital Holdings PLC

15 April 2010

 



15 April 2010

Polar Capital Holdings plc

AUM Update

Polar Capital Holdings plc ("Polar Capital" or the "Group"), the specialist asset management group, today provides its regular quarterly update of its unaudited statement of its Assets under Management ("AUM").

Group AUM (unaudited)

As at 31 March 2010 Group AUM has grown 71% since 31 March 2009 to US$2.53bn and 17% since 31 December 2009.

The tables below set out the Group's AUM as at 31 March 2010 and the movements experienced in the 12 month and 3 month periods since 31 March 2009 and 31 December 2009 respectively:

AUM movement 12 months to 31 March 2010	Long only funds $m	Hedge funds $m	Advisory funds $m	Total $m
As at 31 March 2009	$746m	$699m	$35m	$1,480m
Performance and currency movements	$419m	$55m	$5m	$479m
Net subscriptions / (redemptions) from ongoing businesses	$410m	$253m	nil	$663m
Outflows from closed funds	nil	$(52)m	$(40)m	$(92)m
Total AUM at 31 March 2010	$1,575m	$955m	nil	$2,530m

AUM movement 3 months to 31 March 2010	Long only funds $m	Hedge funds $m	Advisory funds $m	Total $m
As at 31 December 2009	$1,270m	$899m	nil	$2,169m
Performance and currency movements	$86m	$(10)m	nil	$76m
Net subscriptions / (redemptions) from ongoing businesses	$219m	$66m	nil	$285m
Outflows from closed funds	nil	nil	nil	nil
Total AUM at 31 March 2010	$1,575m	$955m	nil	$2,530m

Comment

It is pleasing to report that the AUM flows in the final quarter of the Group's financial year have continued the trend of the preceding period, resulting in encouraging AUM growth of 71% from the end of the last financial year. In the final quarter inflows have been greatest in the long only funds managed by the Group.

The Group continues to believe that the good long and short term performance of its funds places it in a good position to attract further inflows in the months and quarters ahead assuming market conditions remain favourable.

For further information please contact:

Polar Capital Tim Woolley (CEO) John Mansell (CFO)	[phone]
Numis Securities Charles Farquhar Simon Blank	[phone]
Financial Dynamics Ed Gascoigne-Pees Georgina Turner	[phone]

 

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