Finance
Quant Trader Vogel Shuts Two Climate Hedge Funds After Brief Run
- Planned to use big data to make climate-focused investments
- David Vogel started Sustainability fund in January 2020
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Quant trader David Vogel is closing two sustainable hedge funds after a short run.
Investors in his Voloridge Climate Change and Sustainability funds were told this week that the money would move into the firm’s main pool, according to a person with knowledge of the matter. The funds accounted for about 15% of Voloridge Investment Management’s $9.5 billion in total assets, the person said.