Launches & Closures People Moves

Polar to target CBs with ex-Vicis team


Polar Capital is preparing to launch a global convertibles hedge fund following the hire of an experienced team from Vicis.

David Keetley, Steve McCormick and Kendrick Li will launch the Polar Capital ALVA Global Convertibles hedge fund on 1 November. The trio were formerly at Vicis, the New York and London-based hedge fund group that managed almost $6 billion at its peak with over $3 billion of convertible bonds.

Keetley ran the London office, where he managed the international convertibles book from 2007 to 2010, and was previously at ORN and Zelengora. McCormick ran the US convertibles book