Polar cCapital

FINANCIALS

Jupiter CIO John Chatfeild-Roberts has said he will seek to invest more of his £9bn Merlin multi-manager range in funds with overseas assets if sterling maintains its upwards trend.

BIOTECH

THE BIG QUESTION

Polar Capital has increased assets under management (AUM) by 80% in the nine months to December 2013 despite closing its UK equity desk, the group's update has revealed.

Polar Capital has more than doubled its assets under management year-on-year, driven primarily by inflows into its Japanese products.

Polar Capital has launched a global biotechnology fund for recent hire David Pinniger, as it seeks to build on its formidable reputation in the space.

FOUR Capital Partners has soft-launched a European equity long/short fund after Sanlam provided seed capital for the portfolio.

Polar Capital's UK equity team is being dissolved as manager Philip Hardy leaves the firm, the group said today.

ON HEALTH