AUM Update
23 July 2008
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 up date of its un-audited statement of its Assets under Management ('AUM').
Group AUM (unaudited)
Group AUM as at 30 June 2008 are up 3.5% since 31 March 2008 to US$3.25bn.
The table below sets out the Group's AUM as at 30 June 2008 and the movements experienced in the 3 month period since 31 March 2008:
|
AUM movement 3 months to 30 June 2008 |
Long $m |
Hedge $m |
Advisory $m |
Total $m |
|
As at 31 March 2008 |
$1,016m |
$2,006m |
$122m |
$3,144m |
|
Performance and currency movements |
$28m |
$210m |
$9m |
$247m |
|
Net subscriptions / (redemptions) from ongoing businesses |
$31m |
$114m |
($8)m |
$137m |
|
Outflows from Japan Hedge Fund |
nil |
($275)m |
nil |
($275)m |
|
Total AUM at 30 June 2008 |
$1,075m |
$2,055m |
$123m |
$3,253m |
Gross performance fees (unaudited)
The table below sets out the position relating to gross performance fees earned and accrued in the first three months of the year to 31 March 2009:
|
Performance fees gross of manager allocations |
As at 30 Jun 07 £m |
As at 31 Mar 08 (year end) £m |
As at 30 Jun 08 £m |
|
Received |
£0.8 |
£21.1 |
- |
|
Accrued but not yet earned in funds with year ends on or before following 31 March year end |
£14.6 |
n/a |
£27.6 |
|
Total performance fees |
£15.4m |
£21.1m |
£27.6m |
For further information please contact:
|
Polar Capital Mark Kary |
+44 (0)20 7227 2700 |
|
Landsbanki Simon Bridges Claes Spang |
+44 (0)20 7426 9569 +44 (0)20 7426 7706 |
|
Financial Dynamics Ed Gascoigne-Pees Felicity Murdoch |
+44 (0)20 7269 7132 +44 (0)20 7269 7243 |
This information is provided by RNS
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