Polar Asset Management Partners, one of Canada’s largest hedge funds, has appointed Jason Cope, Toronto-Dominion Bank’s Head of Global Fixed Income, to lead its fixed income division as the firm pursues expansion plans, according to a report by Bloomberg.
The report cites unnamed individuals familiar with the matter as revealing that Cope, who has been with TD Bank for roughly 15 years, will join the Toronto-based hedge fund in a senior leadership role. Neither Cope, Polar Asset Management, nor TD Bank responded to requests for comment.
Polar Asset, which manages $6.3bn in assets, has been steadily expanding its operations, increasing its workforce by 15% since early 2024. The firm now employs around 160 people, with 126 based in Canada and the rest working out of its offices in London and New York.
The firm’s flagship multistrategy fund delivered an 8.6% return in 2024, marking its strongest performance since 2020.
