Polar Capital launches global absolute return fund

UCITS fund

Laura Dew
clock • 1 min read

Polar Capital has expanded its fund range with a long/short global absolute return fund for its Global Convertibles team, in response to investor demand.

The Irish-domiciled UCITS fund, which launched on 31 December 2018, invests in convertible securities as well as corporate debt and equities.  Some 30-80 positions are held in equity hedged convertibles, asymmetric profiles, put trades, income/defensive instruments and covered convertible call writing. The fund is managed by David Keetley in London and Steve McCormick in the firm's Connecticut office. They will be supported by David Sugarman, Jake Collins and Uttkarsh Lal. Keetley joined Polar Capital in 2010 and is also manager of the $734m Polar Capital Global Convertibles fund, ...

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