# Polar Asset Management Partners Inc.

> Polar Asset Management Partners Inc. is an SEC-registered investment advisory firm in Toronto, Canada, registered since 2021, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated June 29, 2026.

- CRD: 162681
- Filed as: POLAR ASSET MANAGEMENT PARTNERS INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Toronto, Canada
- Filing period: October 2026
- Form ADV filing dated: June 29, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/162681
- AdvisorCensus page: https://advisorcensus.com/firm/polar-asset-management-partners-inc-toronto-162681

## Quick answers

**How is Polar Asset Management Partners Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), Polar Asset Management Partners Inc. reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**How much does Polar Asset Management Partners Inc. charge?**
Its Form ADV Part 2A brochure dated June 29, 2026 states: Asset-based fee: up to 2.5% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Polar Asset Management Partners Inc. located?**
Polar Asset Management Partners Inc.'s principal office is in Toronto, Canada, according to its Form ADV; the July 2026 filing also lists 3 other offices (Schedule D, Section 1.F).

**Is Polar Asset Management Partners Inc. registered with the SEC or a state?**
Polar Asset Management Partners Inc. is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 162681.

**How much does Polar Asset Management Partners Inc. manage?**
Polar Asset Management Partners Inc. reports $37,859,218,497 in regulatory assets under management in its Form ADV filing dated June 29, 2026 (100% discretionary).

**How have Polar Asset Management Partners Inc.'s assets and staff changed since 2021?**
In the Form ADV data for Polar Asset Management Partners Inc.: Regulatory assets under management: $18,998,083,741 in the October 2021 data and $37,859,218,497 in the October 2026 data, up 99%. Total employees: 93 in October 2021 and 164 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Polar Asset Management Partners Inc. serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (19).

**Which custodians does Polar Asset Management Partners Inc. use?**
Polar Asset Management Partners Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Societe Generale Capital Canada Inc. and UBS Securities LLC as custodians holding 10% or more of its separately managed account assets.

**Does Polar Asset Management Partners Inc. 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/162681

**What changed in Polar Asset Management Partners Inc.'s recent Form ADV filings?**
In the July 2026 filing data: Item 11 disclosure answers changed: 0 yes answers, previously 1 (now no: 11.D(2)). Employees performing advisory functions went from 61 to 66. Regulatory assets under management went from $42,918,467,845 to $37,859,218,497 (-12%).

## 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 29, 2026)

- Asset-based fee: up to 2.5% of assets a year (the maximum the brochure states)

> Polar Funds, and consequently the underlying investors, incur an annual management fee of up to 2.5% based on the investor’s capital account balance as of the end of the specified fee period.

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

### Custodians (Schedule D, Section 5.K(3))
- Societe Generale Capital Canada Inc.
- UBS Securities LLC

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $37,859,218,497
- Discretionary: $37,859,218,497
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | Not reported |
| High net worth individuals | 0 | Not reported |
| Banking or thrift institutions | 0 | Not reported |
| Investment companies | 0 | Not reported |
| Business development companies | 0 | Not reported |
| Pooled investment vehicles (other than investment companies and business development companies) | 19 | $37,763,172,196 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $96,046,301 |
| Charitable organizations | 0 | Not reported |
| State or municipal government entities (including government pension plans) | 0 | Not reported |
| Other investment advisers | 0 | Not reported |
| Insurance companies | 0 | Not reported |
| Sovereign wealth funds and foreign official institutions | 0 | Not reported |
| Corporations or other businesses not listed above | 0 | Not reported |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2021 (5 years)
- Employees: 164 total, 66 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, CO, TX
- 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
- Calgary
- London
- New York, NY

### Websites listed on Form ADV (Item 1.I)
- [polaramp.com](https://polaramp.com)
- LinkedIn @polar-asset-management-partners

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $18,998,083,741 | 93 | September 14, 2021 |
| October 2022 | $28,365,994,173 | 121 | June 29, 2022 |
| October 2023 | $30,284,059,669 | 131 | June 29, 2023 |
| October 2024 | $33,574,880,067 | 143 | August 28, 2024 |
| October 2025 | $42,918,467,845 | 162 | June 27, 2025 |
| October 2026 | $37,859,218,497 | 164 | June 29, 2026 |

Regulatory assets under management: $18,998,083,741 in the October 2021 data and $37,859,218,497 in the October 2026 data, up 99%.
Total employees: 93 in October 2021 and 164 in October 2026.

## Changes in the filing (last 12 months)

### July 2026
- Item 11 disclosure answers changed: 0 yes answers, previously 1 (now no: 11.D(2)).
- Employees performing advisory functions went from 61 to 66.
- Regulatory assets under management went from $42,918,467,845 to $37,859,218,497 (-12%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Polar Asset Management Partners Inc. (CRD 162681): Form ADV filing data as of October 2026.