George Zweig is looking to launch his quant firm, Signition, in New York later this year, The Wall Street Journal's Juliet Chung reports.
Zweig trained under Nobel Prize winning physicist Richard Feynman and was later nominated for Nobel Prize himself, according to an article he wrote.
He is credited with proposing one of the first theories of subatomic particles, called quarks, while working at the European Organisation for Nuclear Research, or CERN.
He later worked on an electronic barrier system to prevent the flow of goods from North to South Vietnam during the Vietnam War, according to the Journal report.
And he helped write an algorithm that led to the creation of the cochlear hearing implant.
Zweig worked at hedge fund Renaissance Technologies from 2003-2010, before signing a four-year non-compete contract, the Journal reported.
Now he's starting anew alongside two younger partners because, he told the Journal, "'life can be very boring.'"