Launches & Closures

Polar nets £89m for healthcare investment trust


Polar Capital has completed a fund-raising for its second investment trust, which is focused on the healthcare sector. The Polar Capital Global Healthcare Growth & Income Trust has raised £89 million and listed on the London Stock Exchange this week.

Polar's healthcare team consists of fund managers Daniel Mahony and Gareth Powell, together with analyst Anna Sizova. Together they run the long-only Polar Capital Healthcare Opportunities Fund. Mahony has previously also expressed interest in launching a long/short equity fund focused on the sector.

"This adds further momentum to our continued growth in AUM and diversification of the business,"