Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Long/short veteran exits Polar after fund is folded

Long/short veteran exits Polar after fund is folded

Polar Capital has closed its European Market Neutral fund and its former manager Ton Tjia is to leave the firm.

The fund launched in March 2012 after Polar recruited Tjia from Ratio Asset Management the previous October.

It contained less than £30 million when it closed, having returned 3.7% in the year to the end of May. That was a top-quartile performance in the Citywire Alternative Ucits – Market Neutral sector for the period, when the average fund generated 1.4%.

Polar hired Tjia specifically to establish a European market-neutral franchise, and the manager brought with him his £10 million Ratio European Opportunities fund, which was converted into European Market Neutral.

Tjia’s investment career began in 1980 at Pierson Heldring & Pierson, where he ran a small-cap US equity fund. He joined Schroders six years later, where he remained for 11 years and became head of the European research team as well as a European equity fund manager.

After leaving Schroders, Tjia founded European equity specialist Olympus Capital Management, moving to Ratio in 2010 after a stint running a European market-neutral strategy at Millennium Partners.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Big City Bright Future

Big City Bright Future

Big City Bright Future, the brainchild of BlackRock, is a three-week work experience programme for school leavers looking to forge a career in the City.

Play Kames' Ennett: Trump good for US high yield, but beware Europe

Kames' Ennett: Trump good for US high yield, but beware Europe

Kames Capital’s head of high yield David Ennett believes the changing political landscape will be a positive for the US, but negative for Europe in 2017.

Play Philip Milburn: why inflation won't run out of control

Philip Milburn: why inflation won't run out of control

Kames bond fund manager views inflation as more of 'scare' than a 'problem' and is positioning his portfolios accordingly.

Read More
Your Business: Cover Star Club

Profile: change is the only constant for Quilter Cheviot

Profile: change is the only constant for Quilter Cheviot

This is not the first time we have profiled David Miller, but at the time of his previous appearance his company looked very different.

Wealth Manager on Twitter