Global Absolute Return Fund
Launch date31.12.2018
AUM
4Team size
See all teams
The Polar Capital Global Convertible Team
Managers David Keetley and Stephen McCormick are part of a four-strong team that runs the Global Convertible (GCB) and Global Absolute Return funds. They typically invest in convertible bonds to provide income and capital growth (GCB) or a positive absolute return over rolling 12-month periods, in all market conditions. Both funds also aim to limit downside risk.Total AUM (as at 31.10.2024)
2010
Established
90
Combined years of experience
4
Team members
David Keetley
Fund Manager
Stephen McCormick
Fund Manager
Jake Collins, CFA
Senior Analyst
Michael Provvisionato
Investment Analyst
David Keetley
David joined Polar Capital in October 2010 to establish the global convertibles team and is co-manager of the Global Convertible Fund and the Global Absolute Return Fund.
David is an experienced convertible bond specialist, having spent 36 years in the asset class in both investment banking and investment management. Before joining Polar Capital in October 2010 to establish the Convertible team, he was joint CEO of Vicis Capital (UK) Ltd which he joined in 2006 to set up and manage the international convertible portfolio of the New York-based hedge fund. David started his career at Salomon Brothers International and moved to Baii (a subsidiary of BNP Paribas) in 1987, where he first started managing convertibles. He joined Schroders in 1996 and Citigroup in 2000 following the Citi takeover of Schroder Investment Bank.
- BSc (Hons) in Civil Engineering, University of Glasgow
- Fellow of the Chartered Institute for Securities and Investment
- 38 years
Stephen McCormick
Stephen joined Polar Capital in October 2010 and is co-manager of the Global Convertible Fund and the Global Absolute Return Fund.
Prior to moving into convertible trading, Stephen was a research analyst at Tucker Anthony. In 1993 he became a partner in Forum Capital Markets, eventually joining Paine Webber in 1994 where he went on to manage their convertible department until 1998. He was a senior member of the convertible sales team at Morgan Stanley before establishing and managing Valmiki Capital Management in 2005. The following year, he moved to Moore Capital where he, as a member of a three-person team, managed a $1bn global long/short equity portfolio before joining Vicis Capital to manage the US convertible bond portfolio in 2008.
- BSc in Finance, Providence College, Rhode Island
- 38 years
Jake Collins, CFA
Jake joined Polar Capital in October 2013 following a summer internship during which he created materials to help in the initial days of marketing the Polar Capital Global Convertible Fund. He joined as an Investment Analyst and was subsequently promoted to Senior Investment Analyst in 2022.
- BSc (1st Class Hons) in Mathematics, University of DurhamMSc (Merit) in Finance and Investment, University of Durham
- CFA Charterholder
- 11 years
Michael Provvisionato
Michael joined Polar Capital as an Investment Analyst in the Convertible Bond Team in July 2022. He completed a four-month internship with the team earlier in the year, carrying out ESG and sustainability research as the Funds transitioned to be SFDR Article 8 compliant. He graduated magna cum laude in Finance from Providence College, Rhode Island, in summer 2022.
- BSc (magna cum laude) in Finance, Providence College, Rhode Island
- 2 years
Funds managed by the Global Convertible Team
Global Absolute Return Fund
The Fund's investment objective is to generate a positive absolute return over rolling 12-month periods, in all market conditions. There is no guarantee the Fund will achieve this objective over any given period.
Global Convertible Fund
Launch date30.08.2013
AUM
4Team size
Global Convertible Fund
The Fund’s investment objective is to generate both income and long term capital growth by investing in a diversified portfolio of securities, primarily in the global convertible market.
