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Ex-Macquarie Quant Plans Second Shot at European Hedge Fund

Bei Hu
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⚡ Quantum Brief
Former Macquarie Group quantitative hedge fund chief Nick Bird is launching a new Europe-focused hedge fund under his Hong Kong-based firm, OQ Funds Management, marking his second attempt in the region. The fund began testing computer-driven trading models in September 2025 and aims to accept external investors by Q4 2026, contingent on R&D progress and performance validation. Initial capacity is set at $600 million, targeting institutional and high-net-worth clients with a quantitative strategy leveraging algorithmic models and data-driven decision-making. Bird’s previous European fund closed in 2022 amid market volatility, but industry sources suggest his revised approach incorporates lessons from past challenges, including enhanced risk management frameworks. The move reflects growing confidence in quant funds post-2025 market corrections, with Bird positioning the new vehicle to capitalize on European equity inefficiencies using proprietary analytical tools.
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Former 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.

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Source: Bloomberg Markets

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