AUM Update

RNS Number : 8995L
Polar Capital Holdings PLC
10 July 2014
 



10 July 2014

 

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 Assets under Management ("AUM").

 

 

Group AUM (unaudited)

 

As at 30 June 2014 the Group's AUM had increased by 3% to over $13.6bn from the $13.2bn at 31 March 2014.

 

The table below sets out the movements in the Group's AUM over the three month period:

 

AUM movement

Three months to 30 June 2014

Long only

funds

$m

Alternative funds

$m

Total

$m

As at 31 March 2014

$12,315m

$934m

$13,249m

Net subscriptions / (redemptions)*

$(333)m*

  $77m

$(256)m

Closure of EMN team

nil

$(67)m

$(67)m

Market movement and performance

$752m

$4m

$756m

Total AUM at 30 June 2014

$12,734m

  $948m

$13,682m

* including $85m of assets in transition out

 

 

Comment

 

We have already signalled, in our preliminary announcement, the fact that after 15 continuous quarters of net inflows that this quarter was likely to see a net outflow of funds. Despite this short term pause in the Group's asset gathering achievements we continue to believe that, market conditions allowing, the Group is well positioned to continue to grow its assets and profits.

 

 

 

For further information please contact:

 

Polar Capital

Tim Woolley (CEO)
John Mansell (CFO)

+44 (0)20 7227 2700

Canaccord Genuity - Nomad and Broker

Simon Bridges  (QE)

Martin Green

Cameron Duncan

+44 (0)20 7523 8000

 

F T I Consulting

Neil Doyle

Jack Hickey

+44 (0)20 3727 1141

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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