DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

SEC-registered adviser

Polar Asset Management Partners Inc.

Asset manager (funds and pooled vehicles)Toronto, CRD 162681SEC 801-120867websiteIAPD
Latest filing Jun 29, 2026
First filing on the tape Mar 19, 2021 · 14 filings
SEC status approved since Apr 19, 2021
RAUM
$38B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$38B
derived; firm RAUM over IAPD count
Employees
164
66 advisory (5.B.1)
Offices
6
beyond the principal office
Private funds
4
reported on Schedule D
History
14 filings and snapshots on the tape
RAUM$38B as of Jun 29, 2026
Jun 29, 2022$28B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Jun 29, 2026
Jun 29, 20220 then
Employees (5.A)164 as of Jun 29, 2026
Jun 29, 2022121 then
Private funds4 as of Jun 29, 2026
Jun 29, 20223 then
RAUM +25% over the last fiscal yearIARs 0 to 0offices 2 to 6
Practice profile
derived from the filing of Jun 29, 2026; every figure names its basis
Archetypes, each a printed rule
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$38BderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$1.9BderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.3%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
164.0derivedItem 5.A over advisors
Advisors per office
0.1derived7 offices incl. principal (1.F.5)
RAUM growth, one year
+11%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
Custody
$38B, 8 clientsreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$38B100%
  • Pension and profit-sharing plans$96.0M0.3%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
n/areported
Charitable clients
0reported
Accounts
20reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$38B for 8 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
1 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Patrick Michael NewtonChartered Financial AnalystToronto Jan 1, 202622 y1
Advisor movement
0 left, 1 joined in 12 months
net +1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
none on the tape
    Private funds
    12 reported on Schedule D 7.B.(1)
    FundTypeGross assetsOwnersFirst reported
    Polar Multi-Strategy Master FundHedge Fund$32B11,130Apr 3, 2012
    Polar Long/Short Master FundHedge Fund$1.4B5,107Jun 29, 2017
    Polar Spv 2020-2 LPno longer reportedHedge Fund$1.3B57Mar 19, 2021
    Polar Long/Short Fundno longer reportedHedge Fund$1.2B1,992Apr 3, 2012
    North Pole Capital Master Fund IIno longer reportedHedge Fund$539M96Apr 3, 2012
    Polar Spv 2020-3 LPHedge Fund$157M11Mar 19, 2021
    Altairis Offshoreno longer reportedHedge Fund$150M17Apr 3, 2012
    Polar Spv 2020-1 LPno longer reportedHedge Fund$140M16Mar 19, 2021
    Polar Crs-1 LPHedge Fund$55.7M11Aug 28, 2024
    Polar Structured Credit Fund A L.P.no longer reportedSecuritized Asset Fund$31.0M4Jun 26, 2014
    Polar Opportunities Fundno longer reportedHedge Fund$8.7M21Jun 29, 2017
    Polar Structured Credit Fund B L.P.no longer reportedSecuritized Asset Fund$3.4M4Jun 26, 2014
    Owners and control persons
    Schedule A and B, latest filing
    • Gregory Richard Lemaich · Chief Executive Officer, Presidentcontrol
      since 10/2024 · owns less than 5%
    • Man Ho Andrew Ma · Chief Compliance Officercontrol
      since 08/2020 · owns less than 5%
    • Scott Richard Puma · Chief Operating Officercontrol
      since 10/2024 · owns less than 5%
    • Paul John Sabourin · Chairman/Chief Investment Officercontrol
      since 09/2006 · owns less than 5%
    • Elisabeth Mae Jane Sabourin · Trusteecontrol
      since 03/2020 · owns F of Thomas Sabourin (2020) Family Trust
    • Paul John Sabourin · Shareholdercontrol
      since 03/1997 · owns 75% or more of Flying Walrus Investments Inc.
    • Vincent John Sabourin · Trusteecontrol
      since 03/2020 · owns F of Thomas Sabourin (2020) Family Trust
    • Joseph Thomas Sabourin · Trusteecontrol
      since 03/2020 · owns F of Thomas Sabourin (2020) Family Trust
    Entity owners
    • Polar Financial Corporation · Sole Shareholder
      direct · owns 75% or more
    • Flying Walrus Investments Inc. · Shareholder
      indirect · owns 25% to 50% of Polar Capital Corporation
    • Palsab Holdings Inc. · Shareholder
      indirect · owns 25% to 50% of Polar Capital Corporation
    • Polar Capital Corporation · Shareholder
      indirect · owns 25% to 50% of Polar Financial Corporation
    • Thomas Sabourin (2020) Family Trust · Shareholder
      indirect · owns 75% or more of Palsab Holdings Inc.
    Related persons
    Schedule D 7.A
    • 1000151504 Ontario Inc.
      pooled vehicle sponsorn
    • 1000355732 Ontario Inc.
      pooled vehicle sponsorn
    • 2731463 Ontario Inc.
      pooled vehicle sponsorn
    • 2816418 Ontario Inc.
      pooled vehicle sponsorn
    • 2832335 Ontario Inc.
      pooled vehicle sponsorn
    • Polar Capital Partners Gp Inc.
      pooled vehicle sponsorn
    • Polar Fund Management IV, LP
      pooled vehicle sponsorn
    • Polar Fund Management V, LP
      pooled vehicle sponsorn
    • Polar Micro-Cap Fund II Gp Ltd.
      pooled vehicle sponsorn
    Offices
    Schedule D 1.F, the 25 largest
    • New York, NY7 employees
    • Calgary, Canada2 employees
    • , 1 employees
    What changed
    consecutive filings, newest first
    • Accounts · 17 to 20
      Jun 27, 2025 to Jun 29, 2026
    • Advisory employees · 61 to 66
      Jun 27, 2025 to Jun 29, 2026
    • Pooled vehicle clients · 16 to 19
      Jun 27, 2025 to Jun 29, 2026
    • Assets in custody · $44B to $38B
      Jun 27, 2025 to Jun 29, 2026
    • Employees · 162 to 164
      Jun 27, 2025 to Jun 29, 2026
    • Other offices · 7 to 6
      Jun 27, 2025 to Jun 29, 2026
    • Discretionary RAUM · $43B to $38B
      Jun 27, 2025 to Jun 29, 2026
    • Pension RAUM · $14.0M to $96.0M
      Jun 27, 2025 to Jun 29, 2026
    • Pooled vehicle RAUM · $43B to $38B
      Jun 27, 2025 to Jun 29, 2026
    • RAUM · $43B to $38B
      Jun 27, 2025 to Jun 29, 2026
    • Advisory employees · 53 to 61
      Oct 2, 2024 to Jun 27, 2025
    • Assets in custody · $34B to $44B
      Oct 2, 2024 to Jun 27, 2025
    • Employees · 143 to 162
      Oct 2, 2024 to Jun 27, 2025
    • Financial planning clients · unset to
      Oct 2, 2024 to Jun 27, 2025
    • HQ state · unset to
      Oct 2, 2024 to Jun 27, 2025
    • Other offices · 5 to 7
      Oct 2, 2024 to Jun 27, 2025
    • Discretionary RAUM · $34B to $43B
      Oct 2, 2024 to Jun 27, 2025
    • Pension RAUM · $36.4M to $14.0M
      Oct 2, 2024 to Jun 27, 2025
    • Pooled vehicle RAUM · $34B to $43B
      Oct 2, 2024 to Jun 27, 2025
    • RAUM · $34B to $43B
      Oct 2, 2024 to Jun 27, 2025
    • Private funds · 3 to 4
      Jun 27, 2024 to Aug 28, 2024
    • Advisory employees · 54 to 53
      Jun 29, 2023 to Jun 27, 2024
    • Assets in custody · $30B to $34B
      Jun 29, 2023 to Jun 27, 2024
    • Employees · 131 to 143
      Jun 29, 2023 to Jun 27, 2024
    • Other offices · 2 to 5
      Jun 29, 2023 to Jun 27, 2024
    • Discretionary RAUM · $30B to $34B
      Jun 29, 2023 to Jun 27, 2024
    • Pension RAUM · $119M to $36.4M
      Jun 29, 2023 to Jun 27, 2024
    • Pooled vehicle RAUM · $30B to $34B
      Jun 29, 2023 to Jun 27, 2024
    • RAUM · $30B to $34B
      Jun 29, 2023 to Jun 27, 2024
    • Accounts · 19 to 17
      Feb 3, 2023 to Jun 29, 2023
    • Advisory employees · 48 to 54
      Feb 3, 2023 to Jun 29, 2023
    • Pooled vehicle clients · 18 to 16
      Feb 3, 2023 to Jun 29, 2023
    • Assets in custody · $28B to $30B
      Feb 3, 2023 to Jun 29, 2023
    • Employees · 121 to 131
      Feb 3, 2023 to Jun 29, 2023
    • Discretionary RAUM · $28B to $30B
      Feb 3, 2023 to Jun 29, 2023
    • Pension RAUM · $365M to $119M
      Feb 3, 2023 to Jun 29, 2023
    • Pooled vehicle RAUM · $28B to $30B
      Feb 3, 2023 to Jun 29, 2023
    • RAUM · $28B to $30B
      Feb 3, 2023 to Jun 29, 2023
    • Accounts · 18 to 19
      Jan 14, 2022 to Jun 29, 2022
    • Advisory employees · 43 to 48
      Jan 14, 2022 to Jun 29, 2022
    Signals
    7 dated events
    • Polar Asset Management Partners Inc. reported RAUM $42.9B, up 28% from $33.6B (2024-10-02 to 2025-06-27)
      Jun 27, 2025 · RAUM change · derived
    • Elisabeth Mae Jane Sabourin (Trustee) appeared on Schedule A of Polar Asset Management Partners Inc.
      Jun 27, 2024 · Control person joined · fact
    • Vincent John Sabourin (Trustee) appeared on Schedule A of Polar Asset Management Partners Inc.
      Jun 27, 2024 · Control person joined · fact
    • Scott Richard Puma (Chief Financial Officer) appeared on Schedule A of Polar Asset Management Partners Inc.
      Feb 3, 2023 · Control person joined · fact
    • Singh Herman Gill (Chief Financial Officer) no longer on Schedule A of Polar Asset Management Partners Inc. (listed 2022-11-01, absent 2023-01-03)
      Jan 3, 2023 · Control person left · inference
    • Polar Asset Management Partners Inc. reported RAUM $28.4B, up 49% from $19.0B (2022-01-14 to 2022-06-29)
      Jun 29, 2022 · RAUM change · derived
    • Polar Asset Management Partners Inc. filed its initial SEC registration (Form ADV)
      Mar 19, 2021 · First SEC registration · fact
    Across DFX
    shared identifiers only, never a name match
    No identifier-backed link to the venture, private equity, family office or sponsor graphs.
    How to reach
    public business contact points only, each with its source
    Firm profile
    linkedin.com/company/polar-asset-management-partnersreportedpublic record, Form ADV, Sep 17, 2026
    Website
    POLARAMP.COMreportedpublic record, Form ADV, Sep 17, 2026
    Principal office phone
    416-367-4364reportedpublic record, Form ADV, Jun 29, 2026
    Provenance
    Form ADV
    SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
    Advisors
    IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
    Class
    Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
    RAUM per advisor
    $38Bderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026