Polar Multi-Strategy Fund (US) LP is a hedge fund based in Toronto, Ontario, Canada. According to its most recent Form D, filed Oct 21, 2025, the fund has sold $1,162,723,944 of interests to 71 investors since its first sale in May 2010. 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 Fund Management IV, LP; Richard Lemaich; Polar Asset Management Partners Inc.
Performance
No verified returns have been reported for this fund. Hedge fund returns are not part of SEC filings; managers report them to HedgeMountain directly.
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- Total raised
- $1,162,723,944Cumulative sales reported on Form D
- Investors
- 71
- First sale
- May 1, 2010
- 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 Fund Management IV, LP; Richard Lemaich; Polar Asset Management Partners Inc
- Latest Form D
- Oct 21, 2025
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and HedgeMountain 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
Size compared with every hedge fund
Raised more than 96% of the 26 hedge funds based in Ontario, Canada, and more than 91% of all 10,157 that report sales.