Norias Research Group is a new "quantamental" hedge fund based in Florida.
Haynes founded Norias after executive positions at Steve Cohen's Point72.
Haynes resigned from the fund in 2018 and was accused in a lawsuit of sexual discrimination.
Doug Haynes, who resigned from Steve Cohen's Point72 in 2018, a month after being named as a defendant in a sexual discrimination lawsuit, hopes to raise $1 billion for his new fund, two sources close to the fund told Insider.
The new fund, named Norias Research Group, will be based in West Palm Beach, the ritzy enclave many financiers have moved to in Florida.
Persons:
Haynes, Steve Cohen's Point72, Doug Haynes, HFM
Organizations:
Norias Research, West Palm Beach
Locations:
Florida, West Palm