Voloridge Investment Management

Voloridge Investment Management, LLC
Company typePrivate
IndustryInvestment Management
Founded2009; 16 years ago (2009)
Founder
  • David Vogel
HeadquartersJupiter, Florida, U.S.
Key people
  • David Vogel (CEO)
ProductsHedge funds
Quantitative finance
AUMUS$9.5 billion (2022)[1]
OwnerQuantitative Investment Management (25%)
Number of employees
112 (March 2023)
Websitewww.voloridge.com
Footnotes / references
[2]

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

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]

References

  1. ^ a b "Quant Trader Vogel Shuts Two Climate Hedge Funds After Brief Run". Bloomberg.com. May 12, 2022.
  2. ^ "Form ADV" (PDF). SEC. Archived (PDF) from the original on October 14, 2023. Retrieved October 14, 2023.
  3. ^ a b "Quant Empire Forged Through Netflix Ascends the Hedge Fund Heap". Bloomberg.com. September 1, 2016. Archived from the original on December 24, 2022. Retrieved October 14, 2023.
  4. ^ a b c "Irma Displaces World's Best Quant. Now He's on a Climate Mission". Bloomberg.com. September 14, 2017. Archived from the original on January 1, 2022. Retrieved October 14, 2023.
  5. ^ a b "Trader Seeks $1.5 Billion for Climate-Change Hedge Fund". Bloomberg.com. January 14, 2020. Archived from the original on March 31, 2023. Retrieved October 14, 2023.
  6. ^ a b Watkins, Steve (February 15, 2018). "These investors were the biggest sellers of Kroger stock last quarter". www.bizjournals.com. Retrieved October 14, 2023.