The group now has $7.2bn under management, compared to $5.08bn the year before.
It also generated core operating profit excluding performance fees of £10m, an increase of 41% on last year’s figure, while its pre-tax profit was £15.3m, up from £9.6m for the period to end of March 2012.
The group increased its dividend per share to 13p, an increase of 44.4% and a second interim dividend of 11p per share will be paid on 9 August 2013 to those shareholders on the register on 12 July 2013.
Polar Capital launched two funds over the course of the year, the Global Alpha Fund and the Japan Alpha Fund.
The performance of the latter is shown in the graph below. It currently has around £13.2m under management, which it invests in a diversified range of global equities. European assets currently account for the largest proportion of capital, 40%, followed by North American equities at 39.4%.
Tim Woolley, chief executive, said: “Our funds have generated over US$1.6bn of net inflows during the period and investment performance has remained strong across the group.
We have continued to deliver on our strategy of diversifying our offering with seven out of our eleven investment teams now having assets over US $500m, compared to only three teams with over US$500m in 2010.
We remain optimistic on the outlook for the Group, assuming market conditions do not deteriorate materially.”
Last month the firm announced it was considering launching a global financials investment trust, with a strong bias towards global banks.
