Voloridge Investment Management, founded by David Vogel, is making headlines as it announces the closure of its sustainable hedge funds. The funds, Voloridge Climate Change and Sustainability, had a short run before investors were informed of the decision. This move comes as a surprise to many in the investment world, as sustainable investing has been gaining popularity in recent years.
The decision to close the funds may have been influenced by various factors, including performance, investor interest, and market conditions. Vogel, known for his quantitative trading strategies, has not provided specific details on the reasons behind the shutdown. Investors who had put their money into the funds will now have to reallocate their investments to other opportunities.
Voloridge Investment Management is known for its multi-strategy, quantitative approach to hedge fund management. David Vogel, the firm's Founder, CEO, and Chief Scientist, has built a reputation for his innovative investment strategies. The closure of the sustainable hedge funds marks a significant development in the firm's portfolio.