Polar Cap Plans Listed U.K. Equities Fund

Apr 28 2008 | 7:41am ET

Polar Capital Holdings will launch a British stock hedge fund in June on the Irish Stock Exchange.

Pending approval from Irish authorities, the UK Absolute Return Fund will debut on June 3, Thomson Financial reports. The firm plans to register the fund with the U.K. Financial Services Authority, making it available to on-shore British investors.

The new fund will invest in European and global equities in addition to its primary focus on the U.K. It will be managed by Philip Hardy, who says increased volatility in British stocks bodes well for his new fund.

“With the outlook now being less predictable and risks skewed to the downside, the ability to establish short positions and identify secular trends and pricing anomalies I becoming increasingly important,” he said.


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of