On 30 September, 2011, the company held $3.9bn in AUM, growing this to $5.3bn a year later.
The two standout funds are Polar Capital Technology Fund, with $1.3bn of assets, and the Japan Fund, with $1.4bn, that combine to have just over half of the total company AUM.
During the summer, the firm launched a Japan Alpha Fund run by Gerard Cawley at the same time as a Global Alpha Fund managed by Andy MacKirdy and Christophe Williams who were also recruited in the summer. MacKirdy and Williams work alongside Andrew Holliman who joined from Threadneedle in August 2011.
The hires took the number of investment teams to 11, consistent with chief executive Tim Woolley’s strategy when he took over as CEO three years ago.
He said that while there is no “strategic imperative” to add any more teams, “it is possible we may add one more team over time and we will continue to be alert for investment talent that augments existing teams”.
Excluding performance fees Polar Capital’s core operating profit rose 20% to £4.2m from £3.5m.
