Polar Capital has appointed Guy Rushton from L&G Investment Management to launch a new UK Absolute Equity fund by the end of September.
In addition, Rushton will lead a new UK absolute returns team.
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The fund will Polar Capital’s first alternative product to be launched in the UK.
The new UK alternatives franchise will bring the number of management teams at Polar back to 10.
Rushton joined Polar Capital from Legal & General Investment following L&G’s decision to close its long/short equity strategies. Rushton also previously managed the L&G UK Absolute Fund, the Legal & General UK Special Situations Fund and UK Active Opportunities Fund.
Prior to this he worked as a healthcare equity analyst at Clear Capital.
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By GlobalDataTim Woolley, CEO of Polar Capital, said: "We are delighted that Guy is joining us to head up this new initiative in the alternative funds arena and his appointment demonstrates our commitment to developing this side of our business further in the years ahead.
"Guy is one of the rising talents in the UK alternative space and we look forward to him developing a significant franchise for us over the coming years," he added.
