TIDMPOLR

RNS Number : 0776F

Polar Capital Holdings PLC

11 July 2019

   11 July 2019                                       Polar Capital Holdings plc

AuM Update

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

Group AuM (unaudited)

Polar Capital reports that as at 30 June 2019 its AuM were GBP14.7bn compared to GBP13.8bn at the end of March 2019, an increase of 6% over the quarter. In the quarter, AuM increased by GBP877m of which GBP150m were net inflows and GBP727m related to market movement and fund performance.

 
 AuM movement in three     Long only    Alternative     Total 
  months to 30 June 2019      funds        funds 
 AuM at 1 April 2019       GBP12,529m    GBP1,306m    GBP13,835m 
                          -----------  ------------  ----------- 
 Net subscriptions           GBP71m       GBP79m       GBP150m 
                          -----------  ------------  ----------- 
 Market movement            GBP646m       GBP81m       GBP727m 
  and performance 
                          -----------  ------------  ----------- 
 Total AuM at 30 June      GBP13,246m    GBP1,466m    GBP14,712m 
  2019 
                          -----------  ------------  -----------

Gavin Rochussen, Chief Executive, commented:

"Given the challenging, volatile and uncertain short-term economic and political conditions it is pleasing to report a quarter of GBP150m of net inflows after the challenging final six months of our last financial year where the Group suffered from net outflows to dampen the net in-flows of the first six months to September 2018. We remain confident that our active fundamental fund strategies will continue to deliver above average returns for our clients."

For further information please contact:

 
 Polar Capital 
  Gavin Rochussen (Chief Executive) 
  John Mansell                           +44 (0)20 7227 2700 
 Numis Securities Limited - Nomad and 
  Joint Broker 
  Charles Farquhar 
  Stephen Westgate 
  Kevin Cruickshank (QE)                 +44 (0)20 7260 1000 
 
   Peel Hunt LLP - Joint Broker 
   Guy Wiehahn 
   Andrew Buchanan                        +44 (0)20 7418 8893 
  Camarco 
   Ed Gascoigne-Pees                       +44 (0)20 3757 4984

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July 11, 2019 02:00 ET (06:00 GMT)

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