Polar Capital hires convertible team
Polar Capital Holdings hired a three-strong convertible bond team and launched a fund targeting positions in 50 securities. The fund manager that has $3bn of assets hired David Keetley, Steve McCormick and Kendrick Li from Vicis Capital.
They will run the Polar Capital ALVA Global Convertibles Fund. Keetley ran Vicis London office and managed its international convertibles portfolio from 2007 to 2010. McCormick managed the US portfolio at Vicis.
There is approximately $5tr of US and European corporate debt that needs to be refinanced in the
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