Key facts
- Nico Dil, a former Citadel portfolio manager, has launched NovaCore Capital.
- The firm secured more than $250 million in initial investor commitments.
- Investors include Squarepoint Capital and Lighthouse Investment Partners.
- Dil began trading for the new firm on March 2.
- NovaCore Capital has a team of 12 people, including a CEO, COO, and CRO.
A former portfolio manager at Citadel, Nico Dil, has launched his new hedge fund firm, NovaCore Capital, after securing over $250 million in initial investor commitments. Key investors include Squarepoint Capital and Lighthouse Investment Partners. Dil, who spent over a decade at Ken Griffin's multi-strategy hedge fund managing a European industrials equities portfolio, began trading for NovaCore on March 2. The firm has established a team of 12 professionals, including Neil Hobson as CEO, Hamant Lad as COO, and William Buckingham as CRO. Representatives for NovaCore Capital and its investors reportedly declined to comment on the launch.