Polar Capital has recorded an 8% quarter-on-quarter increase in its assets under management (AuM) in the three months to 31 March, totalling just over £30bn.

In this period, this figure was supported by net flows of just over £1.4bn.

In the year to 31 March, the asset manager's AuM jumped by 43% to £30.6bn, reflecting a combination of inflows of net inflows, fund performance and market movements.

Polar Capital noted that it has delivered a second consecutive year of positive net inflows, totalling £902m, demonstrating the “strength” of its specialist investment capabilities.

Chief executive at Polar Capital, Iain Evans, stated: "Flows during the quarter were broad-based, with several of our investment teams generating net inflows, led by technology, healthcare and smart energy.

"Net flows into our global technology (£722m) and artificial intelligence (£575m) funds remained particularly strong, driven by continued client interest in structural growth opportunities and supported by both increased allocations from existing clients and new client wins, notably across wealth and private bank channels in Europe and Asia.

"Net outflows were largely concentrated in North American (£97m), Global Insurance (£85m) and Asian Stars (£55m) funds, reflecting a small number of client-specific redemptions rather than any broader shift in demand or sentiment.”

The firm said it entered 2026 with positive net inflow momentum, although it remains mindful of the structural challenges facing the industry.

It added that inflows were strongest in January and February, before moderating in March, following the escalation of conflict in the Middle East.

"The geopolitical backdrop has become more uncertain, contributing to heightened market sensitivity, particularly in energy markets," Evans added. "Despite this, we remain confident in our positioning as a specialist boutique.

"As markets broaden and the pace of technological disruption, including AI, accelerates, the case for specialist active management is becoming increasingly compelling. Our focus on differentiated capabilities, deep expertise and disciplined execution positions us well to navigate the uncertainty and capture opportunities ahead for our clients and shareholders."

Following this announcement, its share price increased by over 8%. It will announce its full-year results for the year to 31 March on 1 July.

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