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Polar Capital Global Insurance

Elite Rated by FundCalibre

There are few fund managers with a more intimate knowledge of their market than the managers of this fund. Their many years of experience in risk and casualty insurance markets are fundamental to their success. The fund provides access to a specialist and often overlooked sector.

Company Description

Founded in 2001, Polar Capital supports more than 10 investment teams that focus on a range of long-only and alternative products. Listed on the London Alternative Investment Market as of 2007, Polar Capital has numerous offices globally and allocated a high level of its equity ownership to its staff.

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Fund Manager

Nick Martin has run this fund since September 2001. He has many years of industry experience and previously worked at Hiscox Plc, which was eventually taken over and renamed by Polar Capital. Nick is a qualified chartered accountant and achieved a degree in Econometrics and Mathematic Economics at the London School of Economics.

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Management ownership of the companies in which we invest is crucial – as Warren Buffett says, no-one ever washes a rented car.

Nick Martin - Fund Manager

The Investment Process

The team’s extensive knowledge of the insurance industry means they can analyse companies in-depth. They look to invest in quality insurers that can produce sustainable underwriting profits. These tend to have management teams who are underwriting with their own money through material stock ownership.

Risk

This is a global equity fund and, although liquidity is good as it invests in large companies, it does invest principally in US equities, so currency fluctuations will affect performance. Otherwise, despite being a specialist fund, volatility is relatively low.

Our Opinion

Everything around us is insured, regardless of economic boom or bust, which gives this fund some very nice defensive characteristics. Investors seeking access to this specialist sector can feel confident with this management team, all of whom are extremely knowledgable and experienced in the intricacies of the insurance world.

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©2014 FundCalibre Limited. All Rights Reserved. The information, data, analyses, and opinions contained herein (1) include the proprietary information of FundCalibre, (2) may not be copied or redistributed without prior permission, (3) do not constitute investment advice offered by FundCalibre, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a fund, and (5) are not warranted to be correct, complete, or accurate. FundCalibre shall not be responsible for any trading decisions, damages, or other losses resulting from, or related to, this information, data, analyses, or opinions or their use. The Elite Fund rating is subjective in nature and reflects FundCalibre’s current expectations of future events/behaviour as they relate to a particular fund. Because such events/behaviour may turn out to be different than expected, FundCalibre does not ,guarantee that a fund will perform in line with its FundCalibre benchmark. Likewise, the Elite Fund rating should not be seen as any sort of guarantee or assessment of the creditworthiness of a fund or of its underlying securities and should not be used as the sole basis for making any investment decision. FundCalibre disclaims any responsibility for trading decisions, damages or other losses resulting from any use of the Elite Fund rating.