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Laxman Pai, Opalesque Asia: Polar Asset Management Partners, a multistrategy hedge fund manager based in Toronto, has acquired Castlefield Associates, a relative-value systematic futures hedge fund manager founded in 2019 by Chris Schindler and partners.
According to a joint press release, over the past six years, Chris and the Castlefield team have developed a compelling quantitative and relative value strategy 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," the release 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," said Chris Schindler, founder and Chief Executive Officer of Castlefield.
Before founding Castlefield, Chris 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, the statement added.
"We are pleased to welcome Chris and the Castlefield team to Polar. We have closely followed Castlefield's development over the ...................... To view our full article Click here
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