Polar Capital bounces back with AUM rise

Polar Capital has said it is approaching the coming year “with confidence” after reporting a £2bn increase in assets under management.

Polar Capital bounces back with AUM rise

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The investment manager reported its AuM at the end of March reached £9.3bn, a significant jump on the £7.3bn reported at the same time in 2016.

March also signalled the firm’s second consecutive quarter of net inflows with more than £300m inflows in the fourth quarter of 2016 followed by more than £200m inflows in the first three months of 2017.

The boutique fund manager has bounced back after sluggish growth in the aftermath of the Brexit referendum with the former Miton-duo Georgina Hamilton and George Godber setting up a UK Value long only UCITS fund earlier this year.

The firm said it was hopeful the recent run of strong results would continue this year even if there was a downturn in markets.

In a statement it said: “As 2017 commences it is also reassuring to note the positive performance of the group’s portfolio of funds.”

It added: “Against this backdrop we commence our new financial year with our business more balanced than in recent years and are hopeful that the year ahead will deliver net inflows notwithstanding a significant correction in global equity markets.”

 

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