Voloridge Investment Management

Last updated

Voloridge Investment Management, LLC
Company type Private
Industry Investment Management
Founded2009;15 years ago (2009)
Founder
  • David Vogel
Headquarters Jupiter, Florida, U.S.
Key people
  • David Vogel (CEO)
Products Hedge funds
Quantitative finance
AUM US$9.5 billion (2022) [1]
OwnerQuantitative Investment Management (25%)
Number of employees
112 (March 2023)
Website www.voloridge.com
Footnotes /references
[2]

Voloridge Investment Management (Voloridge) is an American quantitative investment management firm based in Jupiter, Florida.

Contents

Background

In 2007, David Vogel started his quantitative investment career after he was discovered by Jaffray Woodriff during a Netflix Prize coding competition. Woodriff then hired Vogel as a consultant at his firm, Quantitative Investment Management (QIM). In 2009, Vogel founded Voloridge in Jupiter, Florida. QIM would later acquire a 25% stake in Voloridge. [3] [4] [5]

In September 2017, Bloomberg News reported that Voloridge had a three-year annualized return of 38%. In addition, since its inception, the firm has not posted a yearly loss. [4] [6]

In January 2020, Bloomberg News reported that Voloridge was launching a $1.5 billion climate change fund due to demands of investors seeking out ESG investments. Vogel also had a personal interest in climate change as he and his family were personally affected by Hurricane Irma due to Jupiter being a beach town near the coastline. [4] [5] However, in January 2022, Voloridge closed two sustainable hedge funds and moved the money into the firm's main pool. The changes were made as it was believed to be more profitable to manage green investments in a larger, broader vehicle. [1]

Voloridge relies solely on data to make investment decisions. [6] It does not have a flat management fee and only charges a performance fee as a percentage of its own returns. [3]

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References

  1. 1 2 "Quant Trader Vogel Shuts Two Climate Hedge Funds After Brief Run". Bloomberg.com. May 12, 2022.
  2. "Form ADV" (PDF). SEC.
  3. 1 2 "Quant Empire Forged Through Netflix Ascends the Hedge Fund Heap". Bloomberg.com. September 1, 2016. Retrieved October 14, 2023.
  4. 1 2 3 "Irma Displaces World's Best Quant. Now He's on a Climate Mission". Bloomberg.com. September 14, 2017. Retrieved October 14, 2023.
  5. 1 2 "Trader Seeks $1.5 Billion for Climate-Change Hedge Fund". Bloomberg.com. January 14, 2020. Retrieved October 14, 2023.
  6. 1 2 Watkins, Steve (February 15, 2018). "These investors were the biggest sellers of Kroger stock last quarter". www.bizjournals.com. Retrieved October 14, 2023.