12th Oct 2023 11:45
Polar Capital Holdings PLC - London-based asset manager - Assets under management at September 30 total GBP19.14 billion, down 0.4% from GBP19.22 billion at April 1. Says this was due to net redemptions of GBP581 million and GBP50 million in outflows from fund closures, offset by a GBP546 million gain from market movement and fund performance. Net performance fee profit for the half year ended September 30 is GBP1.3 million, down from GBP4.8 million the previous year. Notes continued demand and inflows into multiple funds including Artificial Intelligence, Japan Value and Smart Energy, despite a "continued challenging environment" for equity markets. Read More
