Ex-Macquarie Quant Plans Second Shot at European Hedge Fund

Former Macquarie Group Ltd. quantitative hedge fund chief Nick Bird is having a second go at running a Europe-focused vehicle.

His OQ Funds Management began to test computer models for the new fund in September and plans to open it to external clients in the fourth quarter of this year, depending on the progress of research and development, Hong Kong-based Bird said in an interview. The strategy will be able to accommodate as much as $600 million of capital initially.