Performance fee drop hits Polar Capital's profit

Down 18%

Kathleen Gallagher
clock • 1 min read

Polar Capital’s pre-tax profit is down 18% to £62.1m in the 12 months to the end of March, according to the firm’s annual report.

This drop was due to a lower contribution from performance fees of just £14.1m, which reached a record high last year of £43.6m. However, the firm experienced an increase in assets under management and core operating profit in the financial year, up 6% and 35% respectively. As a result of the strong growth in core operating profit, which was £22.8bn at the end of March, the company increased its dividend by 15% to 46p per share for the entire year, with the second interim dividend being 32p and due to be paid on 29 July. Gavin Rochussen, CEO of Polar Capital said: "investment perfo...

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 Companies

Maven Renovar VCT tug of war continues as board warns off requisition

Maven Renovar VCT tug of war continues as board warns off requisition

'Poor performance' stated as reason

Patrick Brusnahan
clock 10 July 2025 • 2 min read
Jupiter Fund Management agrees to take over CCLA for £100m

Jupiter Fund Management agrees to take over CCLA for £100m

Takeover expected before end of 2025

Sorin Dojan
clock 10 July 2025 • 2 min read
Monzo fined £21m by FCA for failings in financial crime controls

Monzo fined £21m by FCA for failings in financial crime controls

Around 34,000 high-risk clients onboarded

Linus Uhlig
clock 08 July 2025 • 2 min read
Trustpilot