View more on these topics

Polar Capital gets pulses racing

High net worth clients could get their pulses racing by investing in Polar Capital&#39s technology absolute return fund.

This offshore fund aims to achieve capital growth by investing in global technology. It uses long and short hedging techniques in an attempt to reduce volatility. This means the fund managers sell overvalued stocks with the intention of buying them back when the prices are corrected.

The fund is managed by Brian Ashford Russell and David Magliocco, who both managed technology funds at Henderson Investors until December 2000.

They will manage an initial portfolio of between 30 and 60 stocks, although there is no limit on the number of stocks that can be held. Information technology medical technology and other types of technology such as industrial and environmental may be represented in the portfolio.

As a global fund, there are no geographical limits, although the US will feature heavily in the portfolio because it dominates the technology sector. The high minimum investment of US$100,00 underlines that this fund is not suitable for the mass market, although it could attract experienced high net worth investors and pension fund managers.

According to Standard & Poor&#39s, the Polar Japan growth fund is ranked 32 out of 42 funds based on £100,000 invested on a bid to bid basis with gross income reinvested over three years to June 25, 2001,

Recommended

R&SA ready to sell its life and fund business for£2bn

Royal & Sun Alliance is understood to be gearing up to start offering its life and fund management business for sale to rivals, with a£2bn price tag.The outcome of the review of its life business is expected next week, according to a senior industry source. This report will then be used as a sale document […]

NDF bids for the maturing Tessas

NDF Administration is aiming for a big share of the£21bn maturing Tessa market with a Tessa-only Isa.Tessa Triple Plus 2 is managed by Credit Suisse First Boston and offers tax-free ret-urns of up to 20 per cent a year.Returns are linked to the FTSE 100 index but initial capital is 100 per cent protected as […]

Cazalet predicts a bloody battle

Influential analyst Ned Cazalet has a chilling prediction.Life 2001, Cazalet&#39s annual and costly tome on the industry, says: “The distribution landscape is changing dramatically as many old-style direct distributors wind up their salesforces, which seems to afflict parts of the IFA market, too. This is going to be very bloody and very brutal, leading to […]

New Star branches out

New Star Asset Management has burst on to the investment scenewith the UK growth fund. It will be managed by Alan Miller, who joined New Star as chiefinvestment officer in January after running the Jupiter specialsituations fund from May 1996 to November 2000. Miller will have the freedom to choose whatever UK stocks hebelieves will […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com