Polar Capital tech and healthcare funds propel AUM to £20 9bn
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Boutique closes CEO s Japan fund after assets drop below €10m
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The Evening Read: City veteran Gavin Rochussen on closing deals remotely
In an exclusive interview,
City A.M. sits down with Gavin Rochussen, the CEO of St. James’s-based Polar Capital, to talk all things asset management, how the pandemic has changed working practices, navigating acquisitions in lockdown and how culture is so important to success.
Gavin Rochussen in his office in St. James’s. Since Polar Capital’s foundation in 2001, the firm has grown steadily and currently has 13 autonomous investment teams managing specialist, active and capacity constrained portfolios, with combined AUM of nearly £28bn.
You told me that Polar Capital is a boutique asset manager, but many would argue that with over $28bn in assets under management, you are far from small. Why do you call yourself a boutique firm?
RPMI Railpen has announced plans to internalise its trading desk, which is expected to be operational over the summer.
Railpen - which manages £31bn of assets on behalf of the railway pension schemes - said the move follows substantial growth in Railpen s trading activity over the past few years.
As part of the move, Tom O Kelly has joined Railpen as head trader reporting to investment director Rachit Sharma, who oversees Railpen s execution arrangements. O Kelly has a strong background in multi-asset trading, having spent 11 years at Dalton Strategic Partnership, followed by periods at Balyasny Asset Management and, most recently, Santander Asset Management.