Gavin Rochussen, chief executive officer at Polar Capital, has said the group will "continue to search for top performing investment talent", as the asset manager reported £820m of net inflows in the six months to 30 September 2017.
The group highlighted that fund performance and positive net inflow momentum began to improve in the second half of its last financial year and this trend has continued during the period under review. Over the period, Polar reported AUM increased by 14% or £1.3bn from £9.3bn to £10.6bn. Net inflows in the six months of £820m together with £510m of market uplift and fund performance made up the AUM rise. This compared to £542m of net inflows in the preceding six-month period. The group's AUM at 30 November 2017 rose to £11.4bn. Polar's pre-tax profit was £11.8m over the period, compare...
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