10th Apr 2014 08:36
LONDON (Alliance News) - Polar Capital Holdings PLC Thursday reported an increase in assets under management over the three months since the end of 2013, driven by more than USD750.0 million in net inflows.
In a statement, the specialist asset manager reported USD13.25 billion in assets under management at the end of March, a USD245.0 million increase since the end of last year.
Net inflows in the most recent quarter were spread across a range of products, according to Polar Capital, more than offsetting reductions caused by downward market movements.
"Markets have made an uncertain start to 2014 but assuming they do not deteriorate from recent levels we remain well positioned to continue to grow our assets and profits further in our new fiscal year," Polar Capital said in a statement.
Polar Capital shares were Thursday quoted at 486.00 pence, down 0.1%.
By Samuel Agini; [email protected]; @samuelagini
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