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.

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