Polar Capital profits up 52% in 'year of two halves'

AUM settles at £13.8bn from September's £14.7bn peak

Mike Sheen
clock • 2 min read

Polar Capital boosted its core operating profits by 52% to £42.2m in a 2019 financial year which saw total assets under management grow by 15% despite being hit by market volatility in the fourth quarter of the year.

The firm's AUM was £13.8bn as of 31 March, up from £12bn at the same time last year, after peaking at £14.7bn in September 2018 with the firm benefiting from strong performance and investor flows before the October market sell-off. Polar Capital appoints CIO from JOHCM Polar Capital's annual report to 31 March, published today (14 June), attributed asset growth to £500m of net inflows and £1.3bn from "market uplift and performance". The most notable growth by strategy was within its Technology vehicle, which saw AUM climb by 28% from £3.3bn to £4.5bn. Profitability was aided by ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Funds

Fundsmith Equity ditches Brown-Forman after decline in stocks since the beginning of the year

Fundsmith Equity ditches Brown-Forman after decline in stocks since the beginning of the year

Builds up position in EssilorLuxottica

Sorin Dojan
clock 03 July 2025 • 1 min read
Gold, Europe, property and renewables dominate active fund returns in H1

Gold, Europe, property and renewables dominate active fund returns in H1

Study on purely active mandates

Eve Maddock-Jones
clock 02 July 2025 • 3 min read
Fidelity China Focus among four funds to gain RSMR rating

Fidelity China Focus among four funds to gain RSMR rating

M&G, Invesco and Capital Group also rated

Linus Uhlig
clock 02 July 2025 • 2 min read
Trustpilot