We are delighted to announce the launch of Phaeacian Partners, a joint venture between founding partners Pierre Py and Greg Herr, and Polar Capital Holdings plc.

Polar Capital will provide global operational support and distribution capabilities in multiple jurisdictions to support the venture’s development while allowing the investment team to continue to focus on seeking to deliver exceptional returns.

While a new business, the funds managed by Phaeacian Partners launch with an established investment philosophy and process which has been honed over many years. The firm’s approach is based on identifying high quality companies whose stock prices trade at a discount to their intrinsic value.

By consistently applying this discipline, the team has established impressive performance records in both its international and its global equity strategies. 

Gavin Rochussen, Chief Executive of Polar Capital, commented,

This is an exciting move for Polar Capital, developing our strategy to build an international and global equity product and an institutional presence. It establishes a Polar Capital North American bridgehead to complement our existing east coast presence. The establishment of Phaeacian Partners is clear evidence of the delivery of this strategy. Pierre, Greg and their colleagues are precisely the type of team that we have been looking to recruit; a global and international equity team, deploying a fundamental value style of investing with an excellent track record, with existing institutional support and significant growth potential.

Pierre Py and Greg Herr commented,

We are delighted to have found in Polar Capital an organization that is so complementary to our approach. We look forward with excitement and confidence to managing international and global equity portfolios that will help shareholders and clients achieve their investment goals.