Ex-Citadel’s Polak Said to Start Long-Short Fund Anchor Bolt

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Robert Polak, a former portfolio manager for Citadel LLC, is opening a long-short hedge fund focused on industrials and energy investments, according to two people familiar with the matter.

Polak, who managed about $3 billion while he ran the global industrials team at Citadel from 2005 to 2010, is putting up an undisclosed amount of his own money to start Anchor Bolt Capital LP, said one of the people, who asked not to be identified because the information is private. The Chicago-based fund is scheduled to open during the first quarter.