Hardy launches absolute fund

Polar Capital's Phillip Hardy, who joined earlier in the year from Schroders, has launched the Polar Capital Market Neutral Absolute Returns Hedge Fund, writes Fiona Henderson.

The hedge fund will be constructed of 70% pair trades, 80% in the UK markets and 20% opportunistically. James Brandt, sales and marketing manager at Polar Capital, said: 'At present there is no more than £2bn of hedge fund assets invested in the UK, yet it is a very liquid market. There is easy access to borrowing and oppo