# Polar Capital

> 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.

- CRD: 136133
- Filed as: POLAR CAPITAL
- Legal name: Polar Capital LLP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: London, United Kingdom
- Filing period: October 2026
- Form ADV filing dated: June 25, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/136133
- AdvisorCensus page: https://advisorcensus.com/firm/polar-capital-london-136133

## Quick answers

**How is Polar Capital compensated?**
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.

**What does Polar Capital's brochure say about its fees?**
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.

**Where is Polar Capital located?**
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).

**Is Polar Capital registered with the SEC or a state?**
Polar Capital is an SEC-registered investment advisory firm, registered since 2005. Status as filed: Approved. CRD 136133.

**How much does Polar Capital manage?**
Polar Capital reports $43,257,044,094 in regulatory assets under management in its Form ADV filing dated June 25, 2026 (100% discretionary).

**How have Polar Capital's assets and staff changed since 2021?**
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.

**What types of clients does Polar Capital serve?**
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).

**Does Polar Capital report any disciplinary disclosures?**
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

**What changed in Polar Capital's recent Form ADV filings?**
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).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated June 25, 2026)

- Asset-based fee: 0.375% to 1.5% a year (a range, as the brochure states it)

> 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.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $43,257,044,094
- Discretionary: $43,257,044,094
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | Fewer than 5 | Not reported |
| High net worth individuals | Fewer than 5 | Not reported |
| Banking or thrift institutions | Fewer than 5 | Not reported |
| Investment companies | 2 | $297,913,923 |
| Business development companies | 0 | Not reported |
| Pooled investment vehicles (other than investment companies and business development companies) | 25 | $42,105,464,823 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | Not reported |
| Charitable organizations | Fewer than 5 | Not reported |
| State or municipal government entities (including government pension plans) | Fewer than 5 | Not reported |
| Other investment advisers | Fewer than 5 | Not reported |
| Insurance companies | Fewer than 5 | Not reported |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | Not reported |
| Corporations or other businesses not listed above | Fewer than 5 | Not reported |
| Other | 8 | $853,665,348 |

### Advisory services (Item 5.G)
- 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

### Firm details
- Registered since: 2005 (21 years)
- Employees: 196 total, 56 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the July 2026 filing
- Alpharetta, GA
- Madrid
- Paris
- Providence, RI
- Tampa, FL
- Zurich

### Websites listed on Form ADV (Item 1.I)
- polarcapital.co.uk
- polarcapitalfunds.com
- polarcapitalplc.co.uk
- polarcapitalstrategies.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $28,561,268,705 | 168 | June 29, 2021 |
| October 2022 | $30,348,286,115 | 194 | June 21, 2022 |
| October 2023 | $25,143,811,914 | 192 | June 30, 2023 |
| October 2024 | $29,217,205,919 | 193 | June 28, 2024 |
| October 2025 | $29,114,690,367 | 199 | June 26, 2025 |
| October 2026 | $43,257,044,094 | 196 | June 25, 2026 |

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.

## Changes in the filing (last 12 months)

### July 2026
- 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).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Polar Capital (CRD 136133): Form ADV filing data as of October 2026.