Investment firm Polar Capital’s total assets under management at the end of March this year stood at $12.3bn, a decline of more than 6% compared with $13.2bn a year ago.
The company has seen outflows of $2.3bn from its Japan fund range in the past 12 months, of which $1.6bn had occurred in the past six months.
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However, the firm received inflows of $254m into its alternative funds business over the same period, while market movements and investment performance added a further $1.1bn.
"The combination of these Japan outflows with good inflows into a number of our other products over the year has delivered the side effect of making the business more balanced with Japan now accounting for some 30% of the group’s AUM down from its peak of 43%," Polar Capital said in a statement.
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