Polar Capital alters tech trust focus

Brian Ashford-Russell and the team of former Henderson technology fund managers at Polar Capital are adopting a barbell strategy in the Henderson Technology investment trust, which is soon to be renamed Polar Capital Technology. The managers of the trust, which has received the backing of Merrill Lynch's Charles Cade as one of the best options for private investors looking for a well-diversified global technology portfolio, have moved from a primarily sub-sector asset allocation to classifying stocks according to their beta. Each stock is classified as aggressive, neutral or defensi...