This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.

Global manager Holliman quits Threadneedle for Polar Capital

  • Print
  • Comment

Threadneedle global equities manager Andrew Holliman is leaving after seven years with the firm to join Polar Capital.

It is understood Holliman will launch a new fund at Polar Capital but the firm is yet to confirm any details. Holliman manages the Threadneedle American and AXP world equities funds.

Head of US equities Cormac Weldon will take over as lead manager of the £1.6bn American fund, assisted by fund manager Stephen Moore.

Head of global equities Jeremy Podger will run the £9.5m global extended alpha fund, helped by global equity fund manager Steve Thornber.

The American fund delivered a top-decile return of 36.2 per cent over five years to May 6, against the IMA North American sector average of 20.4 per cent, according to Morningstar.

Threadneedle chief investment officer Mark Burgess says: “We are disappointed but we believe Threadneedle’s collab-orative, team-based approach underlies our successful performance across asset classes. Our US equities performance has been particularly strong under the leadership of Cormac Weldon and I am confident this will continue.”

  • Print
  • Comment

Daily Email Updates
If you enjoyed this article, sign up to receive the latest news and analysis from Money Marketing.

Money Marketing Awards 2015
Put your firm forward as the leading practitioner in your field. Adviser and Advertising categories are open to entries - Enter Now.

Have your sayEdit my profile/screen name

You must sign in to make a comment

Fund Data

Editor's Pick


How do you plan to vote at the general election?

Job of the week

Latest jobs

View all jobs

Most recent comments

View more comments