Polar Ucits launch

Polar Capital is to launch long-only Ucits funds for Japan investor James Salter and technology manager Tim Woolley, writes Robert Stock. The news comes as Phillip Hardy has joined Polar from Schroders. This follows his removal as lead manager of the £754m Schroder Enterprise fund in March this year. Hardy had run the Enterprise fund since October 1999 but was replaced by Schroders' retail chief investment officer David Gasparro, with Tom Carroll who joined Schroders from M&G. Polar said it was too early to comment on what Hardy would be running but an absolute return fund and a long...