Launches & Closures

Ex-Polar Paragon star Barnett plans novel structure in Ridley Park return


Julian Barnett, the former manager of Polar Capital's star-performing Paragon long/short equity fund who left the firm last year, is planning a May launch for the Ridley Park Paragon fund following the creation in October of his new Ridley Park Capital operation.

The strategy will be the same that Barnett successfully developed and deployed at Polar. Since its inception in April 2004, the performance of the Polar Paragon fund had been stellar - racking up an annualised return of some 28% over nearly five years to the end of 2008, and gaining more than 15% in 2008.

The fund