The firm saw inflows of $1.8bn into its long-only funds, while hedge funds attracted $15m over the period, but they lost $2m due to market movement and performance.
The table shows the changing AUM for the firm’s offerings during the quarter.
|
AUM movement |
Long only funds |
Hedge funds |
Total |
|
|
As at 31 March 2013 |
$6,371m |
$837m |
$7,208m |
|
|
Net subscriptions |
$1,806m |
$15m |
$1,821m |
|
|
Total AUM at 30 June 2013 |
$8,356m |
$850m |
$9,206m |
|
In May the firm revealed it was considering launching a financials trust, and at the start of July did so, unveiling the Polar Capital Global Financial Trust which raised £153m.
The firm did however warn that it did not anticipate flows to continue at the same pace.
In a statement, it said: “The strong net inflows of the previous financial year have continued into the first quarter of the new financial year despite challenging market conditions.
“The Group continues to be well positioned to continue to grow assuming market conditions do not deteriorate materially.”
A few weeks ago the firm made two new hires for its healthcare team ahead of a push into the space in order to take advantage of forthcoming opportunities.
