Quant hedge fund Voloridge Investment Management is planning a major headcount boost after agreeing a deal to expand its HQ through the $57.6m acquisition of several properties at the Harbourside Place waterfront development in Jupiter, Florida, according to a report by the Business Journal.

The firm's expansion is expected to create between 100 and 200 new technical and business positions, including roles for quantitative researchers, software developers and engineers, as well as corporate support staff. The project also includes plans to build a new office facility designed with a focus on employee health and wellness.

Voloridge, one of the largest hedge funds founded in Florida, currently employs around 150 people.