Polar Capital set to acquire HIM Capital
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Polar Capital Holdings is set to acquire specialist fund manager HIM Capital.
The deal is expected to conclude before the end of this month and is designed to bolster Polar Capital’s franchise in the financials sector.
HIM’s subsidiary, HIM Capital Limited, was previously called Hiscox Investment Management prior to the management buyout from Hiscox plc at the end of 2007. The firm has four long-only funds invested in the financials sector and approximately £149m of assets under management.
Polar Capital chief executive Tim Woolley says: “The acquisition is in line with the Group’s ambition to accelerate growth by attracting new investment talent and building sector specialist platforms from which we can develop the business and enhance returns to our shareholders.
“It is testament to the strength of our brand that we have been able to attract the HIM Capital team, which offers a unique group of highly experienced fund managers and a balanced portfolio of long-only funds with outstanding track records.”
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