He quietly made billions for Two Sigma. Now, the 'godfather' of a star research unit is starting his own fund.

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• One of the top quant researchers in Two Sigma's history is starting his own hedge fund.
• Hao Zhang pioneered machine learning trading research at Two Sigma, generating billions in profits.
• Zhang intends to launch Hippocampus Capital Management in early 2026, sources said.

One of the most prolific Wall Street investors you've never heard of is preparing to launch a hedge fund.

He's never been written about in a mainstream news article...