Former Citadel Industrials Head Plans Hedge Fund

Jan 17 2012 | 1:33pm ET

A former top Citadel Investment Group portfolio manager is readying a new industrials and energy hedge fund.

Robert Polak has founded Anchor Bolt Capital in Chicago. The new firm will invest in capital equipment, basic materials, energy and transportation stocks, Bloomberg News reports. Anchor Bolt's long book will be concentrated, with between 15 to 20 names. The rest of the 50 to 80 positions will be in the short book.

Polak will seed the fund with an undisclosed amount of his own capital. It is expected to launch this quarter.

Polak led Citadel's global industrials team from 2005 to 2010, managing about $3 billion. Prior to joining Citadel, he worked at Copper Arch Capital, NWQ Investment Management and Salomon Brothers. Anchor Bolt CFO Sean Stephens formerly worked at Aragon Global Management.


In Depth

The Benefits Of Private Debt Investing

May 7 2015 | 10:43am ET

Jeffrey Haas is chief operating officer of Old Hill Partners Inc., an SEC-registered...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

How To Generate 6% Yield In A Volatile World

May 22 2015 | 6:41am ET

Private credit comes in many different flavors, all with the common themes of over...

 

Editor's Note