Ex-Pictet staff boutique

Pictet's former head of emerging markets is to launch his first offshore fund under the Polunin Capital Partners brand. Douglas Polunin is applying for a Dublin-listing for an open-ended Cayman domiciled portfolio. He expects the fund to be open to investors later this month with a minimum investment of $125,000. The fund will use the same process as the one Polunin created when he was responsible for setting up Pictet's emerging markets operation. The system primarily revolves around 'replacement cost' and is applicable only to industrial, output-based companies. Polunin said the sys...