Polar Multi-Strategy Fund
Polar Multi-Strategy Fund is a hedge fund based in Camana Bay, Grand Cayman, Cayman Islands. According to its most recent Form D, filed Oct 21, 2026, the fund has sold $935,096,352 of interests to 68 investors since its first sale in Jan 2003. The minimum investment it accepts from an outside investor is $50,000. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Polar Asset Management Partners Inc; John Sabourin; Richard Lemaich.
Performance
No verified returns have been reported for this fund. As a rough guide, Polar Asset Management Partners Inc., which manages it, disclosed U.S. stock holdings that returned an estimated +4.6% 2026 YTD through Jun 30 (S&P 500: +9.5%), based only on its public 13F filings. Over a longer period, Q3 2024 to Q2 2026, the estimate is +20.6% (S&P 500: +37.2%).
This estimate covers the firm's whole disclosed long U.S. stock portfolio. It is not this fund's return and excludes dividends, fees, shorts, derivatives, bonds, cash and trading within each quarter.
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- Total raised
- $935,096,352Cumulative sales reported on Form D
- Investors
- 68
- First sale
- Jan 1, 2003
- Minimum investment
- $50,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Polar Asset Management Partners Inc; John Sabourin; Richard Lemaich
- Latest Form D
- Oct 21, 2026
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Polar Multi-Strategy Fund
What is the minimum investment for Polar Multi-Strategy Fund?
According to its latest Form D, filed Oct 21, 2026, the minimum investment Polar Multi-Strategy Fund accepts from an outside investor is $50,000.
Who can invest in Polar Multi-Strategy Fund?
Polar Multi-Strategy Fund is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(b), which does not allow general advertising.
How much has Polar Multi-Strategy Fund raised?
Polar Multi-Strategy Fund reports $935,096,352 sold from 68 investors on its Form D filed Oct 21, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Polar Multi-Strategy Fund based?
Polar Multi-Strategy Fund is based in Camana Bay, Grand Cayman, Cayman Islands and is managed by Polar Asset Management Partners Inc..
When did Polar Multi-Strategy Fund launch?
Polar Multi-Strategy Fund reports its first sale in Jan 2003.
Size compared with every hedge fund
Raised more than 85% of the 2,363 hedge funds based in Cayman Islands, and more than 89% of all 10,308 that report sales.