Polar Capital is to launch both a long/short and a long-only European small-cap fund in July, following the appointment of Robert Gurner from Ennismore Fund Management.
The appointment marks the group's first entry into the European sector as it continues to expand and diversify its hedge fund and UK retail offerings.
At Ennismore, Gurner was a member of a team of three which ran two funds, a £68.5m long-only European Smaller Companies Oeic and a European Smaller Companies hedge fund.
Gurner joined Ennismore six years ago after previously working as an analyst at Baring Asset Management, where he worked alongside the founders of Ennismore, Gerhard SchÃƒningh and Geoff Oldfield.
Gurner will join Polar Capital in June, with a fund launch scheduled for July.
Polar Capital has yet to release further details of the two mandates he will run at the group, but said Gurner intends to cap the funds at a low level.
Ennismore told shareholders it intends to divide the stocks in Gurner's two former portfolios equally between SchÃƒningh and Oldfield, who ran the funds with Gurner.
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