The group plans to launch its first product, the UK Absolute Equity Fund by the end of September.
Tim Woolley, CEO of Polar Capital said the appointment demonstrates Polar Capital’s commitment to growing this side of the business in the years ahead.
“Guy is one of the rising talents in the UK alternative space and we look forward to him developing a significant franchise for us over the coming years,” he said.
Rushton left Legal & General Investment in May following that group’s decision to close its long/short equity strategies. Rushton took over management of the L&G UK Absolute Fund in July 2013 after joining as co-manager in 2011. He was also previously manager of the Legal & General UK Special Situations Fund and UK Active Opportunities Fund.
