Polar Capital Holdings PLC AuM Update (4642S)
09 Julio 2020 - 01:00AM
UK Regulatory
TIDMPOLR
RNS Number : 4642S
Polar Capital Holdings PLC
09 July 2020
9 July 2020 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 2020 its AuM were
GBP15.2bn compared to GBP12.2bn at the end of March 2020, an
increase of 25% over the quarter. In the quarter, AuM increased by
GBP3bn of which GBP488m were net subscriptions, offset by outflows
of GBP301m from closing the UK Absolute Equity Fund and GBP2.9bn
related to market movement and fund performance.
AuM movement in three Long only Alternative Total
months to 30 June 2020 funds funds
AuM at 1 April 2020 GBP11,078m GBP1,083m GBP12,161m
----------- ------------ -----------
Net subscriptions GBP486m GBP2m GBP488m
----------- ------------ -----------
Closure of UK Absolute - GBP(301)m GBP(301)m
Equity Fund
----------- ------------ -----------
Market movement GBP2,787m GBP114m GBP2,901m
and performance
----------- ------------ -----------
Total AuM at 30 June 2020 GBP14,351m GBP898m GBP15,249m
----------- ------------ -----------
Gavin Rochussen, Chief Executive, commented:
"Given the challenging market conditions, it is pleasing to
report a quarter of GBP488m of net subscriptions across our
continuing fund range with more than 60% of our AuM outperforming
benchmark in the current calendar year. The return of GBP301m to
unit holders following the suspension and closure of our UK
Absolute Equity Fund resulted in net inflows in the quarter of
GBP187m.
"A combination of net inflows, market uplift and outperformance
enabled our AuM to increase by 25% in the quarter to GBP15.2bn from
GBP12.2bn.
"We continue to function resiliently across the firm under
remote working conditions and have begun a measured process of
returning to the office.
"We remain confident that with our highly active specialist fund
strategies we are well positioned to perform for our clients and
shareholders over the long term."
For further information please contact:
Polar Capital
Gavin Rochussen (Chief Executive)
John Mansell (Executive Director)
Samir Ayub (Finance Director) +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
Andrew Buchanan
Rishi Shah +44 (0)20 7418 8893
Camarco
Ed Gascoigne-Pees
Georgia Edmonds
Monique Perks +44 (0)20 3757 4984
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END
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