By Josh White
Date: Thursday 08 Jul 2021
LONDON (ShareCast) - (Sharecast News) - Specialist active asset manager Polar Capital updated the market on the June quarter on Thursday, reporting that as at 30 June, its assets under management totalled £22.8bn, compared to £20.9bn at the end of March.
The AIM-traded firm said that made for an increase of 9% over the quarter.
In the period, the assets under management increase came through net inflows of £0.5bn, with £1.4bn related to market movements and fund performance.
"It is pleasing to report £533m of net inflows in the quarter across our range of fund strategies, including the funding of a further three segregated mandates," said chief executive officer Gavin Rochussen.
"A combination of net inflows, market uplift and outperformance enabled our assets under management to increase by £1.9bn in the quarter.
"We remain confident that, with our diverse range of active specialist fund strategies, we are well-positioned to perform for our clients and shareholders over the long-term."
At 0909 BST, shares in Polar Capital Holdings were down 0.08% at 883.33p.