The chief investment officer at Winton Group, one of the world’s largest hedge funds, has quit to set up his own firm.

Matthew Beddall worked at Winton for about 17 years and is one of the best-known managers of computer-driven hedge funds in Europe. He left Winton last week, according to regulatory filings. He has set up Havelock London, a consultancy and investment management business in which Winton plans to take a stake.