IN BRIEF: Polar Capital grows assets as technology fund improves

Polar Capital Holdings PLC - London-based investment manager - Says assets under management increased by 8% in the first-quarter. Estimates £23.16 billion AuM at June 30, versus £21.41 billion at March 31. Attributes the rise to £2.7 billion in market movements, £600 million in net outflows and a £300 million one-off return to investors via tender offer. Estimates net inflows of £124 million with sustained demand for ‘broad range’ of funds. Adds that outflows for the Technology fund improved to £162 million from £200 million on-quarter, with remaining outflows ‘primarily from the closure of an institutional mandate managed by the Healthcare team and an asset allocation change by a single Emerging Markets Stars client.’ Chief Executive Gavin Rochussen comments: ‘With significant fund capacity and improving relative fund performance in our diverse range of specialist active fund strategies, we are well positioned to perform for our clients and shareholders over the long term.’

Current share price: 470.00p, down 3.6% in London at midday on Thursday

12-month change: down 19%

Copyright 2025 Alliance News Ltd. All Rights Reserved.