Polar facts

By THIS IS MONEY
Updated:

 

DO you have any information on a new fund management company run by Brian Ashford-Russell, Tim Woolley and David Magliocco, formerly of Henderson? MA.

Nikki Foster, independent financial adviser at Chase de Vere says: Yes. It is called Polar Capital Partners and was set up after Brian Ashford-Russle resigned from Hendersons in September 2000, and the others later joined him. It stared trading and dealing in January 2001 and has stated it will only offer technology funds. Its Polar Capital Technology Trust and Polar Capital global technology trust are both investment trusts that were started by Henderson in 1996 but were taken to Polar to ensure continuity of management.

It is too early to say how the funds are doing but if you are contemplating investing remember that investment trust are the most risky investments other than direct investment in shares. Find out more at www.polarcapital.co.uk.

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