Polar Capital has expanded its healthcare range with the launch of a new fund for Daniel Mahony and Gareth Powell.
The Polar Capital Healthcare Blue Chip fund will be an open-ended Ucits fund domiciled in Ireland and will invest in 25 to 30 of the largest healthcare stocks in the world.
Discretionary management firm Psigma Investment Management has provided seed capital for the new fund.
Psigma’s head of global equities, Tim Gregory, said the firm had “specifically sought out” Polar Capital for this new fund because it wanted to gain access to “an industry which is at the beginning of a period of structural growth”.
The new launch will be Polar Capital’s fourth healthcare fund as it already runs the Healthcare Opportunities and Biotechnology open-ended funds and the Polar Capital Global Healthcare Income and Growth investment trust.
