New York (HedgeCo.net) –CEO at QuantZ Capital Management, Milind Sharma, is in the process of launching his own hedge fund, sources say.

The hedge fund manager is reportedly in talks to raise $500 million for the QuantZ Quark Market Neutral Fund. An analyst from RBC is joining Sharma in the launch, in addition a marquee name Quant  is being brought on board as Head of Research.

Sharma has extensive experience in asset management, serving at a number of high-profile Wall Street Firms. He was previously on the Portfolio Management Team of the Merrill Lynch Large Cap Series Funds with Bob Doll, who is now Global CIO for BlackRock’s equity arm. At BlackRock (MLIM), his investment role spanned a dozen quantitatively managed funds & separate accounts with approx $30B in AUM pegged to the models. Subsequently, he managed Quant EMN portfolios of significant size at Deutsche Bank as Senior Proprietary Trader. Most recently he ran a Proprietary Trading desk at RBC Capital Markets which included Quant EMN, Short Term & Event Driven portfolios (upto $700mm exposure).

Sharma also has significant Risk Management expertise having created the AIRAP (Alternative Investments Risk Adjusted Performance) measure for hedge funds in addition to being co-founder of the Quant Strategies unit (previously Risk & Performance) at MLIM. Prior to that he was Manager of the Risk Analytics and Research Group at Ernst & Young LLP where he was co-architect of Raven TM (one the earliest derivatives pricing/ validation engines).

His publications have appeared in the Journal of Investment Management, Risk, Wiley, HedgeQuest, World Scientific, Elsevier etc. He is a frequent speaker at conferences (Risk, GARP, Institutional Investor etc).

Alex Akesson
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