Polar Capital is set to launch a highly concentrated Japan Alpha product for ex-Schroders manager Gerard Cawley.
The 25-30 stock Polar Capital Japan Alpha fund will be seeded by the Battle Against Cancer Investment Trust (BACIT). Cawley has assisted James Salter with the management of the boutique’s larger Japan product since he joined the firm in 2005. The offering will use the same process as Polar’s $1.2bn Japan fund, but will be more concentrated, and split 50/50 between large-cap and mid-cap holdings, making the product more scalable. Polar’s existing Japan fund has more of a small-cap focus and invests in 60-80 companies. The new fund will have a target return of 5% above its benchma...
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