By Anthony O. Goriainoff

Polar Capital Holdings PLC announced Thursday that its assets under management rose 12% in the first half of fiscal 2022.

The London-listed active investment management company announced that assets under management were £ 23.4 billion ($ 31.96 billion) as of September 30, compared to £ 20.9 billion at the end of March 2021.

“It is gratifying to report net inflows of £ 156 million and £ 689 million over the six month period to our portfolio of fund strategies, including further funding for separate mandates,” said CEO Gavin Rochussen.

The company said the increase was due to net inflows and £ 1.8 billion related to market movements and fund performance.

Shares fell 5p, or 0.7%, to 770p at 0714 GMT.

Write to Anthony O. Goriainoff at [email protected]