Polar Capital has seen a return to positive inflows in the final quarter of 2015 as redemptions from its Japanese funds were “at a much reduced level compared to previous quarters”.
In its AUM update for the nine months to December 31 2015, the firm reported it was “pleased to return to net inflows for the December quarter which totalled $341m (£218m)”.
This helped boost its assets under management from $10.9bn at the end of September to $11.9bn three months later. The firm has struggled in recent months with the scale of the outflows from its Japanese strategies that has seen its assets fall from $12.9bn a year ago.
Polar Capital stated: “The short-term outlook for markets is highly uncertain although we remain optimistic on the outlook for growing our assets and profits over the longer term given the breadth of our product offering and the long term performance record across our funds.”
