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Polar Capital Holdings PLC on Thursday announced that its pipeline was ‘strong’ looking forward, as it reported assets under management growth. The London-based investment trust, focused on global healthcare investments, said assets under management climbed 1.8% to £19.56 billion as at December 31 from £19.22 billion at April 1. Meanwhile, the net performance fee profit in the financial year that ended March 31 fell to £1.7 million from £4.1 million a year prior. Looking ahead, Chief Executive Gavin Rochussen said: ‘With peak interest rates in sight and declining inflation rates, investors will, we believe, begin to seek additional exposure to equities. We have a strong pipeline of client interest and have capacity to meet investor demand for our specialist active fund strategies. At the end of the quarter, we launched a Financial Credit Fund, managed by our Financials team, to further add to our offering.’ Polar Capital shares fell 3.2% to 439.00 pence each on Thursday morning in London. Copyright 2024 Alliance News Ltd. All Rights Reserved.
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