UK ASSET & WEALTH MANAGEMENT | Paul Bryant, Equity Analyst

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A step-change in scale for Polar Capital...
...in just 3 months. AUM grows from £31bn to £45bn in Q2 of 2026. No acquisition. Just investment performance and net flows. Polar is flying into FY27.
 • Paul Bryant
Impax's AUM fall hits H1 results...
...but investment returns have been strong YTD. And it has deep expertise in energy efficiency, energy security, renewable energy & critical…
 • Paul Bryant
If you grasp Asset Managers' Q1...
...then congratulations, because what a mixed bag of a quarter it was! Share price moves ranged from +45% to -30% and fundamentals were all over the…
 • Paul Bryant
Bumper quarter for Polar Capital
Huge net inflows in the Jan-Mar 26 quarter stands in stark contrast to equity funds more generally, and active equity funds especially, which suffered…
 • Paul Bryant
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What subscribers receive
Deep company & sector analysis, written for shareholders, boards, & executives of London-listed Asset & Wealth Managers. Find out more…
 • Paul Bryant
Pollen Street results watch. A winner hit by narrative contagion?
Shares down 25% on a cocktail of private credit & AI disruption worries. That smells like narrative contagion. Iran has muddied the picture further. 26…
 • Paul Bryant
Jupiter jumps again (and there might be more to come)
Jupiter has turned from laggard to leader. The share price has had a huge recovery. Its fundamental valuation suggests there might be even more upside.
 • Paul Bryant
2025: the great Asset Management bifurcation? (part 2 of 3)
Some are priced to win, some to lose, then there's a peloton with similar-looking valuations. What is Mr Market actually pricing in?
 • Paul Bryant
2025: the great Asset Management bifurcation? (part 1 of 3)
UK-listed asset managers had wildly differing fortunes in 2025. Was it the year that revealed winners and losers? Or has it left some richly valued, and…
 • Paul Bryant
In conversation with Mercia CEO, Mark Payton
Under the bonnet of Mercia Asset Management’s business model, growth opportunities, strategy, and the disconnect between fundamental value and share…
 • Paul Bryant
Who’s who in UK-listed asset & wealth management
Runners and riders covered by this newsletter & what to expect
 • Paul Bryant
Mercia: A fund management business and a cash pile for free?
If the NAV of its investments is correct, then yes. In H1-26, EBITDA & margin were up again, growth outlook is solid, and the huge discrepancy between…
 • Paul Bryant
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