Polar cCapital

Chief executive and co-founder of Polar Capital, Tim Woolley, has cashed in £1m worth of his shares in the firm.

US bank stress tests last week have boosted the outlook for the global banking sector, said John Yakas, manager of the Polar Capital Financial Opportunities fund, who urged investors not to miss the rally.

Jemma Jackson of the Association of Investment Companies (AIC) looks at the rise of the specialist sectors and explains why closed-ended structures lend themselves to the space.

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Polar Capital has appointed Ton Tjia to establish a European Market Neutral franchise for the group.

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