Melchior European Absolute Return Team
See all teams

The Polar Capital Melchior European Absolute Return Team

Led by Leonard Charlton, the European Absolute Return Team has managed the Melchior European Absolute Return Fund since its launch in February 2010. With alpha generation as the focus of their strategy, they are bottom-up long and short investors in highly liquid, listed European equities. They source alpha from a variety of market exposures, carefully managing against concentration risk, while maintaining a low net exposure to equity markets within their Fund and use leverage cautiously.

Total AUM (as at 31.05.2021)

2010

Established

85

Combined years of experience

4

Team members

None

Leonard Charlton

Fund Manager
None

Glen Pratt

Analyst
None

Benjamin Billiard

Analyst
None

Hemant Agrawal

Analyst

Leonard Charlton

Leonard joined Dalton Strategic Partnership, which was acquired by Polar Capital in 2021, in 2006 to launch the Melchior European Absolute Return Strategy. He started his career as an equity trader for Goldman Sachs in 1998 before moving to GLG in 2003, where he was co-manager of the GLG European Opportunity Fund.

  • BSc in Management Science, University of Manchester Institute of Science and Technology
  • 23 years

Glen Pratt

Glen is an analyst with the Melchior European Absolute Return team. He joined from Newton Investment Management where he was lead manager on the Newton Growth and Newton Income funds. Prior to this he spent nine years at Fidelity where he managed the Fidelity UK Aggressive Fund.

  • Economics degree, University of Nottingham
  • 28 years

Benjamin Billiard

Benjamin re-joined Dalton Strategic Partnership, which was acquired by Polar Capital in 2021, in April 2018, having previously worked in the company’s European team from 2009-13. He started his investment career as a sell-side analyst covering telecom services at Merrill Lynch before joining the buy-side with Alken Asset Management in 2006. He has worked with long-only and long-short funds, covering a range of industries, including banks, telecom services and technology. Prior to business school, he was a strategy consultant with Booz Allen.

  • Business degree, HECMBA with concentration in finance from The Wharton School
  • 18 years

Hemant Agrawal

Hemant Agrawal joined Polar Capital in 2021 as an analyst on the European team. He started his investment career in 2004 as a European equity analyst with research firm CFRA before moving to the buy-side in 2010. He has subsequently gained experience at Barrington Partners, Fidelity Worldwide Investment and, most recently, Anavon Capital. Before his investing career, Hemant worked in business consulting with American Express as well as a stint as a credit analyst with Mashreq Bank.

  • Masters in Finance from London Business SchoolPGDM (MBA) from IIM, Lucknow
  • 16 years

Funds managed by the Melchior European Absolute Return Team

Related insights