Polar Capital Partners is looking at launching pan-European and global healthcare funds following th...
Polar Capital Partners is looking at launching pan-European and global healthcare funds following the appointment of Charles Hale as executive chairman of the group, and as a replacement to Peter Buckley as chairman of the board.
Hale, who joined from Credit Suisse First Boston, where he was vice-chairman, will be responsible for the management and development of Polar Capital's business.
He said: 'We want to add new geographies and sectors to develop the existing product range. While we are looking at several potential areas, two top priorities will be pan-European and global healthcare funds, which we want to launch within the next 12 months.
'The aim is to broaden our product range, which at present is heavily technology oriented. We will be recruiting fund managers to run the portfolios, which will be in the form of Dublin-based unit trusts and hedge funds.'
In 2001, Polar Cap launched six funds to the market, including Polar Capital Market Neutral, run by Phillip Hardy, and Polar Capital Japan Absolute Return, run by James Salter.
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