Polar launches currency fund

NEWS

The Cayman Islands-domiciled Polar Capital Discovery Absolute Return Fund is managed by Paul Lambert. He joined the company at the end of 2005 from Deutsche Asset Management, where he was global head of currency in London. It is Polar's first portfolio outside equities.

Mark Kary, chief executive of Polar Capital, said the decision to move into currency was driven by two main factors: "The fact that we managed to sign Paul Lambert, who has an impressive track record, was a key factor in the

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