Polar Capital soft closes £4.2bn Global Technology fund

51% AUM increase over 12 months

Polar Capital has soft closed its Global Technology fund to new investors after £1.6bn of inflows over three months increased its assets under management (AUM) to £4.5bn.

The fund, which has been co-run by Ben Rogoff and Nick Evans since 2006 and 2008 respectively, has increased in size by 256.4% over the last three years and by 51% over the last 12 months, according to data from FE fundinfo. Residing in the IA Technology & Communications sector, the Global Technology fund has returned 26.9% over the past six months alone, outperforming its average peer by 9.9 percentage points and putting it in third place in the 15-strong sector. It has also been the best performer in its sector over three years, having achieved gains of 110% and 266.8% respectively....