Polar Capital has seen an increase in assets under management from £7.3bn to £7.7bn thanks to weaker sterling and market movements, despite outflows of £772m in the six months to end of September.
Throughout the six months to 30 September 2016, long-only funds saw outflows of £816m while alternative funds saw inflows of £44m, bringing the total to £772m in outflows. The Polar Capital Japan fund, run by James Salter and Gerard Cawley, experienced the most outflows and the firm said its two Japan funds have now fallen to 14% of the firm's assets under management, compared to around 28% a year ago. Further outflows from the fund are to be expected, the firm said, particularly if the funds' approach remains out of favour. Polar Capital to recruit up to three further FM teams aft...
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