Polar Capital pays tribute to ‘dear friend’ fund manager found dead near home

Guy Rushton’s UK Absolute Equity fund was closed in April due to his poor health

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Polar Capital fund manager Guy Rushton has been found dead in a barn near his home in Wiltshire.

Rushton, who was 36, was found shortly after he went missing on 22 May.

A spokesperson for Polar Capital said: “Guy Rushton’s family informed us that Guy had sadly died. With Guy, we lose not only a passionate investor and good humoured colleague, but also a dear friend. Our thoughts are with his family, to whom we express our deepest condolences.

“Out of respect for Guy and out of consideration for his family, we will not make any further comment.”

Wiltshire Police said it was not believed there were any suspicious circumstances surrounding his death.

In April, Polar Capital confirmed it was winding up Rushton’s UK Absolute Equity fund due to his poor health. Polar Capital sent a letter to investors informing them the fund had been suspended with immediate effect so that an orderly wind down could occur.

The fund had been among the top-performers in the Investment Association Targeted Absolute Return sector but its performance faltered during the coronavirus sell-off. It had held £472.17m at the time of its February factsheet but had fallen to £292.2m.

Rushton joined Polar Capital in August 2014 from Legal & General Investment Management to head up its absolute return range.

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