Ex-Citadel Money Manager Wins Qube’s Backing to Start Hedge Fund

Former Citadel money manager Sean Murphy is preparing to start his own hedge fund with backers including multistrategy investment firm Qube Research & Technologies.

Murphy is seeking regulatory approval for Jerpoint Capital, with an aim to start trading during the final quarter of the year, according to people with knowledge of the matter. Initially he will run a $200 million separately-managed account for Qube and take in cash from other investors, the people said, asking not to be identified because the information is private.

London-based Jerpoint, named after an abbey in Ireland close to where Murphy grew up, will ...