Polar Capital sees AUM boost

Polar Capital has reported a jump in assets under management in its latest group update.

As at 31 December 2012, group AUM increased by 18% to $6.02bn from the $5.08bn reported on 31 March 2012. The figure represents a 42% increase from the $4.24bn reported on 31 December 2011. In the nine months to 31 December 2012, long-only funds saw an inflow of $842m, while hedge funds saw an inflow of $81m. Market movements and performance led to a $19m loss on the long-only side, however, while market movements boosted the group’s hedge funds by $34m. Total AUM in long-only funds was $5.2bn at the end of last year, and $833m in hedge funds. Performance fees over the nine months ...