Money Management

Polar Capital brings on 5 people to launch new emerging markets strategy

Jorry Rask Noddekaer was named head of the emerging markets and Asia team and lead fund manager at Polar Capital Holdings, leading a four-strong emerging markets team that also joined the firm.

Mr. Noddekaer and the team are expected to launch a strategy in the third quarter. A spokeswoman for Polar Capital confirmed they joined June 1.

Mr. Noddekaer had been head of emerging markets at Nordea Asset Management. Also from Nordea, Polar Capital hired Michael Wang as fund manager, global emerging markets; Jerry Wu as fund manager/analyst; and Peter Andersen as an analyst. Details on replacements could not immediately be learned.

The had worked in Copenhagen, Denmark, but relocated to London.

Andy Chen also joined the Polar Capital team as head of research, based in Shanghai. He had been an analyst at Laxey Partners.

"Polar Capital is an ideal home for us, it has the culture and entrepreneurial environment that suits our approach and personalities," said Mr. Noddekaer in a news release. "We were all keen to relocate to London, although (Mr. Chen) will remain in Shanghai and we are looking forward to launching the new fund, which will be the first of a suite of products. Despite the debate surrounding Brexit, London is still the heart of the asset management industry and it feels good to be part of that now."

Polar Capital has £12 billion ($16 billion) in assets under management. The spokeswoman added that the firm has an emerging markets income strategy, and the two teams are complementary and will remain separate.