Polar Capital grows AUM by 71% in 'extraordinary' year

Net inflows of £2.1bn

Anna Fedorova
clock • 2 min read
Gavin Rochussen, CEO of Polar Capital
Image:

Gavin Rochussen, CEO of Polar Capital

Polar Capital has increased its assets under management (AUM) by 71% during an “extraordinary” 12-month period that saw it make two acquisitions.

Over the 12 months to 31 March, the group has increased its AUM from £12.2bn to £20.9bn, with net inflows accounting for £2.1bn and acquisitions for another £1.7bn. The year saw it complete the acquisition of the international value and world value equity team from the Los Angeles-based asset manager First Pacific Advisors, as well as acquiring 100% of Dalton Capital. Pre-tax profits during the year increased by 49% to £75.9m, while core operating profit is up 24% to £51.5m. CEO Gavin Rochussen said: "The past year has been a challenging period for all, and I am exceptionally proud...

To continue reading this article...

Join Investment Week

  • 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 Industry

Trustpilot