Polar Capital acquires US-based value equity team

Will form new Phaeacian Partners

Polar Capital has announced the acquisition of the International Value and World Value equity team from First Pacific Advisors (FPA), subject to regulatory approval.

The move comes as Polar Capital continues to build out its UK and European wholesale franchises, adding to its recent acquisition of an emerging markets team in 2018. Polar Capital Global Financials trust to cut fees as it extends life cycle The two managers, Pierre Py and Gregg Herr, run around $1bn across three pooled vehicles and three institutional segregated accounts, of which their FPA Paramount fund and FPA International Value fund have achieved first quartile performance over three years. Each fund currently managed by the team will be reorganised into a new US trust manage...