Ex-BofA Trader on Hiring Spree for New Quant Fund in Korea

After working as a high-frequency trader for six years in New York, Kwon Yong-jin returned to his home country South Korea, sensing opportunity in a place where quantitative investing is in its early stages.

The former trader at Bank of America Merrill Lynch and Tower Research Capital LLC, the high-frequency trading giant founded by Mark Gorton two decades ago, has started his own quant trading firm in Seoul focusing on overseas assets and cryptocurrencies despite rising global suspicion about such strategies. Kwon has hired seven employees so far and says he’s looking for more...

Trader Seeks $1.5 Billion for Climate-Change Hedge Fund

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...