Pimco's top quant is trying something new.

On Tuesday Vineer Bhansali revealed the creation his own firm, LongTail Alpha. Like Pimco [profile], LongTail is based in Newport Beach, California. Yet his new shop is specifically geared at "qualified investors," which in hedge fund speak means folks with enough assets or income to be allowed to invest in hedge funds.

Vineer Bhansali LongTail Alpha Chief Investment Officer

Bloomberg, the FT, the Orange County Register, and Reuters all reported on Bhansali's new venture.

At Pimco Bhansali served as a managing director at Pimco and head of the quantitative portfolios team. He designed the algorithm behind, and once PMed, Pimco's first quant mutual fund, the PIMCO TRENDS Managed Futures Strategy Fund. He spent the past 16 years at Pimco, and prior to that he worked on the trading desks at Citibank, Salomon Brothers, and Credit Suisse. He is an alumnus of Harvard and Caltech.

Bhansali calls now "an excellent time to start a firm that can help clients navigate the voality."

"I am eager to embark on this new stage in my career," Bhansali states. 

Edited by: Neil Anderson, Managing Editor


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