(Bloomberg) -- Vineer Bhansali is leaving Pimco, where he was a managing director specializing in quantitative portfolios, to start his own investment firm.

Bhansali, who said he co-managed separate accounts and 28 funds with assets of about $50 billion at Pimco, is launching LongTail Alpha a week after the Federal Reserve raised the Fed Funds rate for the first time since 2006, one of several factors setting the stage for his venture.

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