POLAR CAPITAL HLDGS

Polar Capital reported an 8% rise in assets under management to £23.2 billion for the first quarter of 2025, surpassing consensus estimates. Net outflows were lower than expected at £632 million, which included a one-off capital return. The company remains optimistic about the future, citing improved fund performance and a diversified product offering. » More on de.investing.com

Polar Capital has announced that CEO Gavin Rochussen will retire after eight years, with Iain Evans appointed as his successor. Evans, currently Global Head of Distribution, will take over leadership in September 2025, following a period in which Rochussen significantly grew the company. The transition follows a comprehensive selection process and is intended to ensure a smooth handover. » More on de.investing.com

Polar Capital recorded a 27% rise in core operating profit to £56.7 million for the financial year ending March 31, 2025, even as assets under management fell by 2% to £21.4 billion. Net management fees increased by 16%, while pre-tax profit declined by 6% due to an impairment. The company announced an unchanged total dividend of 46.0 pence per share and highlighted the resilience of its diversified product portfolio. » More on de.investing.com