Trader Seeks $1.5 Billion for Climate-Change Hedge Fund
- David Vogel will use big data to wager on sustainability
- Vogel runs one of the top performing machine-learning funds
The Voloridge Sustainability Fund will invest in efficient technologies and electric-car makers and their suppliers.
Photographer: Nicolas Axelrod/BloombergThis article is for subscribers only.
David Vogel, a pioneer in using machine learning to trade, is seeking $1.5 billion for a new fund that will analyze big data to find investments linked to climate change.
The Voloridge Sustainability Fund will focus on companies affected by events such as floods, fires and natural disasters; firms that invest in efficient technologies; and electric-car makers and their suppliers, according to a person familiar with the matter. The fund started trading this month with internal capital.