Polar Capital AUM up 17 per cent in quarter one

Polar Capital AUM up 17 per cent in quarter one

Asset management group Polar Capital had assets under management of USD2.53bn at 31 March 2010, up 71 per cent from 31 March 2009 and 17 per cent since 31 December 2009.

The total AUM at 31 March 2010 was made up of USD1.58m from long only funds and USD955m from hedge funds.

The firm said in a statement: “It is pleasing to report that the AUM flows in the final quarter of the group’s financial year have continued the trend of the preceding period, resulting in encouraging AUM growth of 71 per cent from the end of the last financial year. In the final quarter inflows have been greatest in the long only funds managed by the group.

“The group continues to believe that the good long and short term performance of its funds places it in a good position to attract further inflows in the months and quarters ahead assuming market conditions remain favourable.”

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