Polar Asset Management Partners (a leading multi-strategy hedge fund manager based in Toronto) announced that it acquired Castlefield Associates. Castlefield is a relative value systematic futures hedge fund manager founded in 2019 by Chris Schindler and partners.
In the past six years, Schindler and the Castlefield team have developed a compelling quantitative and relative value strategy that complements Polar’s existing strategy set. Along with welcoming the Castlefield team, Polar looks forward to continuing to develop a new systematic strategy vertical.
Before founding Castlefield, Schindler spent 18 years at the Ontario Teachers’ Pension Plan (OTPP). While at OTPP, he developed and ran 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 as cash equities and volatility products.
KEY QUOTES:
“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.”
Greg Lemaich, President and Chief Executive Officer of Polar
“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.”
Chris Schindler, founder and Chief Executive Officer of Castlefield
