{
  "crd_number": 136133,
  "slug": "polar-capital-london-136133",
  "primary_business_name": "POLAR CAPITAL",
  "legal_name": "POLAR CAPITAL LLP",
  "dbas": [],
  "city": "London",
  "state": null,
  "country": "United Kingdom",
  "cbsa_code": null,
  "metro": null,
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2005-09-19",
  "years_registered": 21,
  "period": "2026-10-01",
  "filing_date": "2026-06-25",
  "carried_forward": false,
  "raum_total": 43257044094.0,
  "raum_discretionary": 43257044094.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 196,
  "advisory_employees": 56,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 853665348.0,
      "count": 8,
      "description": "SEPARATELY MANAGED ACCOUNTS"
    },
    "charitable": {
      "raum": null,
      "count": null,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": null,
      "count": null,
      "fewer_than_5": true
    },
    "banking_thrift": {
      "raum": null,
      "count": null,
      "fewer_than_5": true
    },
    "state_municipal": {
      "raum": null,
      "count": null,
      "fewer_than_5": true
    },
    "insurance_companies": {
      "raum": null,
      "count": null,
      "fewer_than_5": true
    },
    "investment_companies": {
      "raum": 297913923.0,
      "count": 2
    },
    "pension_profit_sharing": {
      "raum": null,
      "count": null,
      "fewer_than_5": true
    },
    "other_investment_advisers": {
      "raum": null,
      "count": null,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": null,
      "count": null,
      "fewer_than_5": true
    },
    "pooled_investment_vehicles": {
      "raum": 42105464823.0,
      "count": 25
    },
    "corporations_other_businesses": {
      "raum": null,
      "count": null,
      "fewer_than_5": true
    },
    "business_development_companies": {
      "raum": null,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": null,
      "count": null,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "other",
    "portfolio_management_businesses_institutional",
    "portfolio_management_investment_companies",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [],
  "websites": [
    "https://polarcapital.co.uk",
    "https://polarcapitalfunds.com",
    "https://polarcapitalplc.co.uk",
    "https://polarcapitalstrategies.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/136133",
  "city_as_filed": "LONDON",
  "url": "https://advisorcensus.com/firm/polar-capital-london-136133",
  "display_name": "Polar Capital",
  "summary": "Polar Capital is an SEC-registered investment advisory firm in London, United Kingdom, registered since 2005, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated June 25, 2026.",
  "citation": "AdvisorCensus. Polar Capital (CRD 136133): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for investment companies (and business development companies)",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Polar Capital compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Polar Capital reports these compensation arrangements: a percentage of assets under its management; performance-based fees."
    },
    {
      "q": "What does Polar Capital's brochure say about its fees?",
      "a": "Its Form ADV Part 2A brochure dated June 25, 2026 states: Asset-based fee: 0.375% to 1.5% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Polar Capital located?",
      "a": "Polar Capital's principal office is in London, United Kingdom, according to its Form ADV; the July 2026 filing also lists 6 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Polar Capital registered with the SEC or a state?",
      "a": "Polar Capital is an SEC-registered investment advisory firm, registered since 2005. Status as filed: Approved. CRD 136133."
    },
    {
      "q": "How much does Polar Capital manage?",
      "a": "Polar Capital reports $43,257,044,094 in regulatory assets under management in its Form ADV filing dated June 25, 2026 (100% discretionary)."
    },
    {
      "q": "How have Polar Capital's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Polar Capital: Regulatory assets under management: $28,561,268,705 in the October 2021 data and $43,257,044,094 in the October 2026 data, up 51%. Total employees: 168 in October 2021 and 196 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Polar Capital serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (25); other (8); investment companies (2)."
    },
    {
      "q": "Does Polar Capital report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/136133"
    },
    {
      "q": "What changed in Polar Capital's recent Form ADV filings?",
      "a": "In the July 2026 filing data: Employees performing advisory functions went from 58 to 56. Regulatory assets under management went from $29,114,690,367 to $43,257,044,094 (+49%). Changed its office addresses in Zurich. Added an office in Providence, RI. No longer lists an office in Darien, CT. Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 28561268705.0,
      "total_employees": 168,
      "filing_date": "2021-06-29"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 30348286115.0,
      "total_employees": 194,
      "filing_date": "2022-06-21"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 25143811914.0,
      "total_employees": 192,
      "filing_date": "2023-06-30"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 29217205919.0,
      "total_employees": 193,
      "filing_date": "2024-06-28"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 29114690367.0,
      "total_employees": 199,
      "filing_date": "2025-06-26"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 43257044094.0,
      "total_employees": 196,
      "filing_date": "2026-06-25"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-07-01",
      "period_label": "July 2026",
      "notes": [
        "Employees performing advisory functions went from 58 to 56.",
        "Regulatory assets under management went from $29,114,690,367 to $43,257,044,094 (+49%).",
        "Changed its office addresses in Zurich.",
        "Added an office in Providence, RI.",
        "No longer lists an office in Darien, CT.",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated June 25, 2026",
    "tiers": [],
    "flat_rate": null,
    "stated_range": "0.375% to 1.5% a year",
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: 0.375% to 1.5% a year (a range, as the brochure states it)"
        ],
        "quotes": [
          "Polar Capital charges each Polar Fund, in the aggregate, a management fee (ranging between 0.375 and 1.5 percent annually) and a performance fee (see Item 6), as specifically described in each Polar Fund’s prospectus."
        ]
      }
    ],
    "quotes": [
      "Polar Capital charges each Polar Fund, in the aggregate, a management fee (ranging between 0.375 and 1.5 percent annually) and a performance fee (see Item 6), as specifically described in each Polar Fund’s prospectus."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/polar-capital-london-136133.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": null,
      "fewer_than_5": true,
      "raum": null
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": null,
      "fewer_than_5": true,
      "raum": null
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": null,
      "fewer_than_5": true,
      "raum": null
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 2,
      "fewer_than_5": false,
      "raum": 297913923.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": null
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 25,
      "fewer_than_5": false,
      "raum": 42105464823.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": null,
      "fewer_than_5": true,
      "raum": null
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": null,
      "fewer_than_5": true,
      "raum": null
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": null,
      "fewer_than_5": true,
      "raum": null
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": null,
      "fewer_than_5": true,
      "raum": null
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": null,
      "fewer_than_5": true,
      "raum": null
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": null,
      "fewer_than_5": true,
      "raum": null
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": null,
      "fewer_than_5": true,
      "raum": null
    },
    {
      "type": "other",
      "label": "Other",
      "count": 8,
      "fewer_than_5": false,
      "raum": 853665348.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/136133",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}