Polen Capital Management is adding China equity and emerging markets core equity teams from LGM Investments as it expands into the Asian market.
The addition of the six investment professionals, based both in Hong Kong and London, expands Boca Raton, Fla.-based Polen Capital's overall emerging markets equity team to a total of six strategies and 10 investment professionals, a spokesman said in an email.
Damian Bird, head of Polen Capital's emerging markets growth team, will continue to lead the expanded team. The spokesman would not provide further information on the LGM staff moving to Polen.
The addition of the Hong Kong-based team members is Polen Capital's first entry into the Asian market.
"Our expansion into Asia, and emerging markets overall, represents an attractive opportunity for Polen and our clients that will increase our exposure, people and capabilities in the fastest growing parts of the world," said Stan Moss, CEO of Polen Capital, in a news release Tuesday. "The LGM team is aligned with Polen strategically and culturally, and mirrors our client-centric focus on long-term outcomes. Having a consistent, sustainable operating model and robust, centralized infrastructure will support the team's ability to do what they do best."
As of Dec. 31, Polen Capital Management had $55 billion in assets under management.