Polar Capital Names Dan Boston Head of Global Small Company Team With New Fund Launching This Month

NEW YORK--(BUSINESS WIRE)--Sep 16, 2024--

Polar Capital (America) Corporation (Polar Capital), the specialist active asset management group, today announced the appointment of Dan Boston as Head of the Global Small Company team. He will also serve as the lead manager of a new mutual fund, the Polar Capital International Small Company Fund, which will launch later this month.

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Dan Boston, Head of Global Small Company Team at Polar Capital. (Photo: Business Wire)

Dan brings nearly two decades of investment experience to Polar Capital, including specialized expertise in international equities and growth investing. He joins from Brown Capital Management, where he led the $3.5 billion International Small Company strategy from 2019. Previously, he served as a Partner and Senior Portfolio Manager at Baird and Head of International Equity and Senior Portfolio Manager at Ensign Peak Advisors. Dan began his career in 2005 as a global small-cap equity analyst at Wasatch Global Advisors. He is a graduate of Brigham Young University and the Yale School of Management, where he served as a research assistant to Nobel laureate Robert J. Schiller.

“Dan’s appointment further emphasizes our commitment to expanding our differentiated approach to investment management in the US,” said Gavin Rochussen, Chief Executive Officer of Polar Capital. “Dan brings a depth of portfolio management and specialized investing expertise and our new International Small Company Fund will allow him and his team to showcase their talents. This fund will complement the Polar Capital Emerging Market Stars Fund which launched in the US over three years ago and is Silver-rated by Morningstar as of June 28, 2024 1.”

“We are delighted to welcome Dan to Polar Capital and are confident investors will find his investment approach and track record a compelling investment opportunity for those looking for international diversification and alpha generation,” said Alastair Barrie, Polar Capital’s Managing Director, North America. “With an established and experienced team of four business development directors based locally and working across the US, we look forward to working with our clients and demonstrating Dan’s credentials to them.”

“Polar Capital has a track record of success and a unique opportunity to build its global small company franchise,” said Boston. “What differentiates Polar Capital is a passion for investing that permeates across the firm, investment autonomy among the individual teams that drives innovation and a robust operational structure that allows the investment teams to focus on portfolio management. Investors across the globe recognize Polar Capital for consistently delivering against these principles, and I am looking forward to playing a crucial role in further developing its offering for US investors.”

About Polar Capital

Polar Capital is a specialist, investment-led, active fund manager. With a collegiate and meritocratic culture where capacity of investment strategies is managed to enhance and protect performance. Since its foundation in 2001, it has grown steadily and now has 14 autonomous investment teams managing specialist, active and capacity constrained portfolios, with combined AuM of $29.7bn (as at June 30, 2024).

Polar Capital established its North America business, Polar Capital (America) Corporation, in 2019, with sales offices in the states of New York, Tennessee and Oregon, and fund management teams based in Connecticut, Florida and Georgia.

The Polar Capital Emerging Market Stars and Polar Capital Emerging Market ex-China Stars mutual funds are registered for sale in the US.

Polar Capital is principally located in London and also maintains offices in France, Spain, Germany, Switzerland, Sweden, the US, China and Singapore.

Polar Capital LLP is authorized and regulated by the UK Financial Conduct Authority and registered as an investment adviser with the US Securities and Exchange Commission.

Important Information

Buying and Selling Fund Shares: You can buy or sell shares of the Fund on any business day that the Fund is open through your broker or financial intermediary, or by mail or telephone. You can pay for shares by wire:

The minimum investment is $5,000. There is no minimum for additional investments.

Standard
Polar Capital Funds
c/o The Northern Trust Company
P.O. Box 4766
Chicago, IL 60680-4766

Overnight
Polar Capital Funds
c/o The Northern Trust Company
333 S Wabash,
Attn: Funds Center Floor 38
Chicago, IL 60604

or by calling us at 800‑806‑1112 (toll free) or 312‑557‑3164.

May be subject to platform minimums if purchased through a brokerage account.

Payments to broker-dealers and other financial intermediaries: If you purchase the Fund through a broker-dealer or other financial intermediary (such as a bank), the Fund and its related companies may pay the intermediary for the sale of Fund shares and related services. These payments may create a conflict of interest by influencing the broker-dealer or other intermediary and your salesperson to recommend the Fund over another investment. Ask your salesperson or visit your financial intermediary’s website for more information.

Dividends, capital gains and taxes: The Fund intends to make distributions that are generally taxable as ordinary income or capital gains, except when your investment is in an IRA, 401(k) or other tax-advantaged investment plan. However, you may be subjected to tax when you withdraw monies from a tax-advantaged plan.

Prospectus offer:An investor should consider the Fund’s investment objectives, risks, and charges and expenses carefully before investing or sending any money. This and other important information about the Funds can be found in the prospectus or summary prospectus which can be obtained atwww.polarcapitalfunds.comor by calling (800) 806-1112 (toll-free). Please read the prospectus or summary prospectus carefully before investing.

The Polar Capital Funds are advised by Polar Capital and distributed through Foreside Financial Services, LLC. Polar Capital is not affiliated with Foreside Financial Services, LLC. Polar Capital funds are not FDIC-insured, may lose value, and have no bank guarantee.

Benchmark: The MSCI ACWI ex USA Small Cap Index captures small cap representation across 22 of 23 Developed Markets (DM) countries (excluding the US) and 24 Emerging Markets (EM) countries. DM countries include Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland and the UK. EM countries include: Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Korea, Kuwait, Malaysia, Mexico, Peru, Philippines, Poland, Qatar, Saudi Arabia, South Africa, Taiwan, Thailand, Turkey and United Arab Emirates. Indices mentioned are unmanaged statistical composites of stock market performance. Investing in an index is not possible.

Risk considerations: The Fund invests in both and developed and emerging market economies outside of the U.S. These investments involve special risks, including currency fluctuation, lower liquidity, different accounting methods and economic and political systems, and higher transaction costs. These risks typically are greater in emerging markets. Such risks include new and rapidly changing political and economic structures, which may cause instability; underdeveloped securities markets; and higher likelihood of high levels of inflation, deflation or currency devaluations. Emerging markets involve heightened risks related to the same factors, in addition to those associated with their relatively small size and lesser liquidity. The small and mid-cap companies the Fund may invest in may be more vulnerable to adverse business or economic events than larger companies and may be more volatile; the price movements of the Fund’s shares may reflect that volatility.

The Fund may invest in American Depositary Receipts (“ADRs”) of foreign companies. Investing in ADRs poses additional market risks since political and economic events unique in a country or region will affect those markets and their issuers and may not affect the U.S. economy or U.S. issuers. Fund holdings and sector allocations are subject to change at any time and are not recommendations to buy or sell any security. A list of all holdings during the period, corresponding performance contributions and attributions, and the calculation methodology is available upon request.

The Morningstar Medalist Rating™ is the summary expression of Morningstar’s forward-looking analysis of investment strategies as offered via specific vehicles using a rating scale of Gold, Silver, Bronze, Neutral, and Negative. The Medalist Ratings indicate which investments Morningstar believes are likely to outperform a relevant index or peer group average on a risk-adjusted basis over time. Investment products are evaluated on three key pillars (People, Parent, and Process) which, when coupled with a fee assessment, forms the basis for Morningstar’s conviction in those products’ investment merits and determines the Medalist Rating they’re assigned. Pillar ratings take the form of Low, Below Average, Average, Above Average, and High. Pillars may be evaluated via an analyst’s qualitative assessment (either directly to a vehicle the analyst covers or indirectly when the pillar ratings of a covered vehicle are mapped to a related uncovered vehicle) or using algorithmic techniques. Vehicles are sorted by their expected performance into rating groups defined by their Morningstar Category and their active or passive status. When analysts directly cover a vehicle, they assign the three pillar ratings based on their qualitative assessment, subject to the oversight of the Analyst Rating Committee, and monitor and reevaluate them at least every 14 months. When the vehicles are covered either indirectly by analysts or by algorithm, the ratings are assigned monthly. For more detailed information about these ratings, including their methodology, please go to global.morningstar.com/managerdisclosures/.

The Morningstar Medalist Ratings are not statements of fact, nor are they credit or risk ratings. The Morningstar Medalist Rating (i) should not be used as the sole basis in evaluating an investment product, (ii) involves unknown risks and uncertainties which may cause expectations not to occur or to differ significantly from what was expected, (iii) are not guaranteed to be based on complete or accurate assumptions or models when determined algorithmically, (iv) involve the risk that the return target will not be met due to such things as unforeseen changes in management, technology, economic development, interest rate development, operating and/or material costs, competitive pressure, supervisory law, exchange rate, tax rates, exchange rate changes, and/or changes in political and social conditions, and (v) should not be considered an offer or solicitation to buy or sell the investment product. A change in the fundamental factors underlying the Morningstar Medalist Rating can mean that the rating is subsequently no longer accurate.

©2024 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

1 2024 Morningstar, Inc. All Rights Reserved. Rating representative of POLEX (sole class of shares), as at June 28, 2024. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. This rating is 100% Analyst Driven and based on Data Coverage of 100%.

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SOURCE: Polar Capital

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