Hedge Fund Polar to Sell Mortgage Bonds as Lending Gap Grows

Polar Asset Management Partners is diving into Canada's mortgage market by creating a lending and securitization business to target borrowers who are often overlooked by traditional banks. This move comes as a lending gap widens, highlighting a need for alternative financing options. By offering mortgage bonds, Polar aims to tap into a growing segment of borrowers who don't fit conventional lending criteria, potentially reshaping the lending landscape in the country. This strategic shift could signal a broader trend where hedge funds play a bigger role in filling gaps in traditional financial systems.