Polar Capital Holdings (GB:POLR) has released an update.
Polar Capital Holdings PLC reported a robust 14% growth in Assets under Management (AuM) to £21.9 billion in the year ending March 2024, with a further increase to £22.8 billion by mid-June 2024. Despite flat average AuM year-over-year, the firm maintained a total dividend of 46.0p per share, attributing growth to strong performance in technology and related sectors. The company has continued its expansion strategy by opening a new office in Stockholm and developing its US presence, positioning well for future performance amid a constructive outlook for equity markets.
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