UK-quoted asset manager Polar Capital has announced a 97% increase in core operating profit to £7.1m for the year ended this March. The results come after seven out of its eight long-only funds made investment returns in the top 25% of their peer group and four of its six hedge funds made a positive return. It said it has seen net inflows every quarter and that its assets under management have gone up from $3.9bn to $5.1bn over the 12 months.