Ex-Millennium Manager William Warner Starts Quant Hedge Fund (1)

A former Millennium Management portfolio manager launched a hedge fund this month focusing on market-neutral arbitrage strategies in conjunction with $6 billion asset management firm Gordian Capital Singapore Pte.

The R Squared Global fund will trade futures and options that are mostly tied to equity indexes around the world and will use quantitative models to hunt for arbitrage opportunities, founder and Chief Investment Officer William Warner said by phone. The fund is targeting assets of more than $200 million within its first year, according to a document seen by Bloomberg.

Ex-Millenium’s Warner, who joined Gordian Capital this year, will run ...