Latest news with #CastlefieldAssociates
Yahoo
13-05-2025
- Business
- Yahoo
Polar Asset Management buys hedge fund manager Castlefield Associates
Polar Asset Management Partners has purchased Castlefield Associates, a relative value systematic futures hedge fund manager, for an undisclosed sum. Castlefield Associates was established in 2019 by Chris Schindler and his partners. Schindler and his team have developed a quantitative and relative value approach over the last six years that is said to complement Polar's existing offerings. Polar anticipates further development of a new systematic strategy vertical following the integration of Castlefield's expertise. Polar president and CEO Greg Lemaich said: 'We are pleased to welcome Chris and the Castlefield team to Polar. 'We have closely followed Castlefield's development over the past six years and believe they have developed a unique systematic offering. We look forward to continuing to refine and grow the strategy.' Before founding Castlefield, Chris Schindler spent 18 years at the Ontario Teachers' Pension Plan, where he played a key role in establishing and managing the Global Systematic Investing team. This team employed more than 50 quantitative models to identify investment opportunities across various liquid futures markets, including equities, fixed income, currencies, commodities, as well as cash equities and volatility products. Schindler said: 'Polar is a leader and an innovator in alternative asset management. Polar's unique platform, approach to its business, and its track record of attracting and welcoming new talent, were key factors in our decision to join the firm.' Founded in 1991, Polar Asset Management Partners is a multi-strategy hedge fund manager based in Toronto. It focuses on niche strategies for a diverse investor base. As of 31 December 2024, Polar managed assets totalling $6.1bn across four primary funds, namely the Polar Multi-Strategy Fund, the Polar Long/Short Fund, the Polar Micro-Cap Fund, and the Polar CRS Fund-1. In March this year, Polar appointed Jason Cope as head of global fixed income and rates. In this position, he will oversee the development of Polar's rates and credit strategy business and will be based in Toronto. "Polar Asset Management buys hedge fund manager Castlefield Associates" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
National Post
12-05-2025
- Business
- National Post
Polar Asset Management Partners Acquires Castlefield Associates Inc.
Article content TORONTO — Polar Asset Management Partners Inc. ('Polar'), a leading multi-strategy hedge fund manager based in Toronto, today announced that it acquired Castlefield Associates Inc. ('Castlefield'). Castlefield is a relative value systematic futures hedge fund manager founded in 2019 by Chris Schindler and partners. Article content Article content Over the past six years, Mr. Schindler and the Castlefield team have developed a compelling quantitative and relative value strategy which is complementary to Polar's existing strategy set. In addition to welcoming the Castlefield team, Polar looks forward to continuing to develop a new systematic strategy vertical. Article content Prior to founding Castlefield, Mr. Schindler spent 18 years at the Ontario Teachers' Pension Plan ('OTPP'). While at OTPP, he helped develop and run the Global Systematic Investing ('GSI') team, which applied over fifty unique quantitative/systematic models to identify investment opportunities in the main liquid futures markets (equities, fixed income, currencies, commodities) as well cash equities and volatility products. Article content 'We are pleased to welcome Chris and the Castlefield team to Polar. We have closely followed Castlefield's development over the past six years and believe they have developed a unique systematic offering. We look forward to continuing to refine and grow the strategy,' said Greg Lemaich, President and Chief Executive Officer of Polar. Article content 'Polar is a leader and an innovator in alternative asset management. Polar's unique platform, approach to its business, and its track record of attracting and welcoming new talent, were key factors in our decision to join the firm,' said Chris Schindler, founder and Chief Executive Officer of Castlefield. Article content Castlefield is a systematic alternative investment manager. Castlefield's flagship Alpha Program seeks to deliver investors returns that are uncorrelated to traditional and alternative betas by exploiting the crowdedness, relative riskiness, and positioning imbalances in the alternative risk premia space. Article content Based in Toronto and founded in 1991, Polar is a global alternative asset manager. Polar focuses on niche-oriented strategies which have attracted investors from around the world. As of December 31, 2024 Polar managed US$6.1 billion across four primary offerings: the flagship Polar Multi-Strategy Fund, a US equity long/short strategy known as Polar Long/Short Fund, Polar Micro-Cap Fund, and Polar CRS Fund-1. For more information visit: Article content Article content Article content Contacts Article content Article content
