Polar Capital, the London-listed asset manager, has issued preliminary unaudited results that indicate a 53% growth in assets under management over the previous year and a substantial recovery in the health of the business.
As of 31 March, Polar’s AUM was $3.87 billion – compared with $2.53 billion at the same point in 2010. Pre-tax profit stood at £9.2 million, compared with £3.1 million for the year ended 31 March 2010.
Assets have continued to rise since the end of the financial year – standing at $4.3 billion as at the end of May. Polar said it has