Polar Capital operating profits climb 21% despite lack of performance fees

Strong demand for EM and Asia strategies

Valeria Martinez
clock • 2 min read

Robust investor demand for Polar Capital’s emerging markets and Asia strategies helped drive a surge in its operating profits in the six months to 30 September, despite a lack of performance fees earned during the period.

In its interim results published today (18 November), the asset manager said the rise in average AUM drove a 15% increase in net management fees to £87.6m, up from £76.5m a year earlier.  Core operating profit climbed 21% year-on-year to £27.3m. Meanwhile, pre-tax profit rose 9% to £23.1m, tempered by £6m in exceptional items, including a goodwill impairment linked to the Dalton Strategic Partnership acquisition. As reported in a trading update in October, AUM rose 4% to £22.7bn at the end of the reporting period, compared to the same six-month period last year. This comprised net inf...

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

Citi becomes minority investor in HANetf

Citi becomes minority investor in HANetf

Growing interest in European ETFs

Patrick Brusnahan
clock 03 July 2025 • 2 min read
AstraZeneca CEO mulls moving listing to the US – reports

AstraZeneca CEO mulls moving listing to the US – reports

Latest blow to LSE

Linus Uhlig
clock 02 July 2025 • 1 min read
Evelyn Partners sells fund solutions business to focus on wealth management

Evelyn Partners sells fund solutions business to focus on wealth management

75 staff to move over to Thesis

Patrick Brusnahan
clock 01 July 2025 • 1 min read
Trustpilot