Polar Capital posts rising assets, inflows in Q2

LONDON (Reuters) - Polar Capital on Thursday reported a 7% rise in assets under management to 23.5 billion pounds ($30.2 billion) in the quarter to end-June, boosted by net inflows of 644 million pounds and rising interest in funds managed by its emerging markets and Asian Stars teams.

Chief Executive Gavin Rochussen said the inflows since March reflected the culmination of extensive client engagement over recent years, which has bolstered investor allocations over the two most recent quarters.

But he flagged continued potential for future redemptions among investors still spooked by ongoing geopolitical and macroeconomic tensions.

"While the pipeline of investor interest for our fund range remains strong, and it has been pleasing to have two consecutive quarters of net inflows, many investors are still grappling with multiple geopolitical and market risks," he said in a statement.

($1 = 0.7778 pounds)

(Reporting By Sinead Cruise; Editing by Amanda Cooper)