The firm’s AUM increased by £1.1bn over the last three months, with £507m related to market movement and performance.
This news came despite the group closing four funds over the quarter, two of which were the Emerging Market Growth and the Global Alpha funds.
In a statement, the group said it had a “satisfactory quarter with pleasing net inflows” despite the termination of the funds.
It read: “This update confirms that the momentum of net inflows over the past quarters has continued and the final performance fee profits for the year that crystallised at the end of December are a significant improvement on last year’s figure.
“It is encouraging to report that the Group’s investment teams are well placed in terms of performance and fund flows to continue their growth into 2018.”
Additionally, Polar Capital’s net performance fee profits reached £15m in the nine months to December 2017, compared with £1.2m over the same period in 2016.
