Investing in cyber security
Over Easter, I unfortunately found myself a victim of fraud. Now, I like to think I’m computer...
Polar Capital Global Insurance
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.
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 knowledgeable and experienced in the intricacies of the insurance world.
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.
Fund manager
Nick Martin has been co-manager on this fund since 2008. He became lead manager in 2016. 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.
Management ownership of the companies in which we invest is crucial – as Warren Buffett says, no-one ever washes a rented car.
Nick MartinFund manager
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.
Read more about this fund
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