Ex-Citadel Trader Nico Dil Launches Hedge Fund With $250 Million

Former Citadel money manager, Nico Dil, has started trading for his own hedge fund with backing from investors including Squarepoint Capital and Lighthouse Investment Partners, according to people familiar with the matter.

Dil’s London-based NovaCore Capital launched with more than $250 million in external cash on March 2, one of the people said. Besides the allocations from investors that include Squarepoint and Lighthouse, NovaCore is in talks with several others to raise more capital, the people said, asking not to be identified because the details are private.