Polar Capital AUM increases to £10.6bn

Asset management group Polar Capital grew its assets under management (AUM) to £10.6bn at 30 September from £9.3bn at the end of March.

Net performance fees were £9.6m in the six months to 30 September compared with £2.8m a year earlier.

Net inflows of £350m were received in the second quarter, following £450m of net inflows in the first quarter.

The flows were seen across a number of strategies including two UK strategies, Technology, Healthcare, Insurance, Income Opportunities and European Income.

At 8:20am: (LON:POLR) Polar Capital Holdings PLC share price was +1.63p at 491.13p