The Polar Capital Global Insurance fund has topped the list of most commonly held funds in Q3 by multi-managers as demand continues to rise for alternatives, according to distributor Harrington Cooper.
Managed by Nick Martin, the £526m fund has returned 32% over the year to 15 November, beating both its MSCI World Insurance benchmark and the IA Specialist sector average, which have delivered 28% and 23% respectively, according to FE. This comes amid a rising demand for alternatives, with average allocations up to a 30-month high of 13.2% in Harrington Cooper's quarterly proprietary Asset Allocation Tracker. Also featuring in the most commonly held funds among UK multi-managers and discretionary managers were Man GLG's Undervalued Assets and Japan CoreAlpha funds, replacing GAM Star ...
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