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Polar Capital shares surge 16% as strong market gains offset £1.61bn outflows
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investmentweek.co.ukIn a trading update today, the firm said AUM grew 14% in the year to 31 March 2024, up to £21.89bn from £19.22bn at the end of March 2023. Net outflows of £1.61bn, alongside fund closures worth £50m, were offset by strong market movements and performance of £4.33bn. The bulk of outflows during the year came from open-ended funds at £1.2bn, as investment trusts and segregated mandates shed £154m and £235m, respectively. Polar Capital suffers £581m outflows as profits slump In the first quarter of this year, however, investors poured a net £56m into the asset manager's funds, wh...
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