Polar Capital reports big bounce in AUM levels


Polar Capital, the London-listed asset manager, has reported a “significant recovery” in assets under management in the second half of its financial year in its results for the 12 months ended 31 March 2010.

Assets under management stood at $2.53 billion as at 31 March – up by 71% from their level of $1.48 billion at the end of the previous financial year, with $1.58 billion of the AUM coming on the long-only side and $955 million in hedge funds.

Of the net subscriptions of $663 million over the 12-month period, Polar said $253 million had flowed into