Three alumni of Long-Term Capital Management, the 1998 collapse of which remains the most notorious hedge fund blow-up, are reportedly reuniting to start up a new alternatives business.

LTCM co-founder Eric Rosenfeld, along with his former LTCM colleagues Robert Shustak and Bruce Wilson are opening Quantitative Alternatives based in Rye Brook, New York, according to Bloomberg. The new fund will rely on computers to choose investments, the news provider said.