ExodusPoint
ExodusPoint Capital Management is a privately held multi-strategy hedge fund managing approximately $13 billion in AUM across fixed income and equity strategies, serving institutional investors, sovereign wealth funds, and accredited investors from offices in New York, London, and seven other global locations.
- Company typePrivate
- Founded2017
- HeadquartersNew York, United States
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
What ExodusPoint does
ExodusPoint Capital Management is a privately held, New York-domiciled multi-strategy hedge fund founded in 2017 by Michael Gelband, former Global Head of Fixed Income at Millennium Management. The firm launched capital management operations in 2018 and as of 2026 manages approximately $13 billion in assets under management (AUM) across two integrated strategy categories: Fixed Income (Rates, Credit, Emerging Markets & Macro) and Equity (Fundamental, Statistical Arbitrage & Systematic, and Quantitative/Event Arbitrage). All strategies are designed to be liquid and market-neutral, targeting low correlation to broad market indices through dozens of independent trading teams operating within a unified risk framework spanning portfolio manager-level and fund-level oversight.
The firm operates a classic multi-manager platform structure where individual portfolio managers run capital with bounded risk envelopes, supported by centralized risk, operations, and infrastructure functions. The product set spans G7 rates trading, fundamental and macro credit, emerging markets, fundamental equities, mid-frequency stat arb, and event-driven quantitative strategies. Headcount stood at 681 employees as of April 2026, supporting eight global offices across New York, Stamford, London, Jersey, Dubai, Hong Kong, Singapore, and Tokyo.
Revenue is generated through the traditional hedge fund 2-and-20 model (management fees plus performance fees), with the firm adopting a cash-hurdle structure in September 2024 under which performance fees are only charged above a preset return threshold. Distribution is direct-to-institutional, targeting pension plans, university endowments, family offices, and sovereign wealth funds. The firm completed a $2 billion capital raise in June 2026 (its first major fundraise since 2020) anchored by the Abu Dhabi Investment Council, and absorbed Hong Kong-based Ovata Capital Management's team to build out Asian equities.
ExodusPoint firmographics
Firmographics- Name
- ExodusPoint
- Legal name
- ExodusPoint Capital Management, LP
- Website
- https://exoduspoint.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- ExodusPoint Capital Management is a privately held multi-strategy hedge fund managing approximately $13 billion in AUM across fixed income and equity strategies, serving institutional investors, sovereign wealth funds, and accredited investors from offices in New York, London, and seven other global locations.
- Ownership category
- akta.pro rank
ExodusPoint industry classification
Industry- Product category
- Multi-Strategy Hedge Fund Management
- NAICS
- Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Target-Risk / Risk-Managed Allocation Funds (FSAAAEAG)
- akta.pro secondary industries
- Target-Risk / Risk-Profile Model Portfolios (FSAAAJAD), Large-Cap Equity (Active) (FSAAAIAA), Mid-Cap Equity (Active) (FSAAAIAB)
Keywords
Where ExodusPoint is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices8 records
Markets served
ExodusPoint business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales
Revenue model
- Management Fees: ExodusPoint charges management fees as part of its standard hedge fund fee structure. The firm has adopted a 'cash hurdle' model as of September 2024, where managers only charge performance fees after surpassing a preset threshold, aligning interests between management and investors.
- Performance Fees: ExodusPoint generates performance fees from investment returns. The firm adopted a 'cash hurdle' model in September 2024, distinguishing it as the most prominent hedge fund to do so, where performance fees are only charged after exceeding a predetermined return threshold.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Cash hurdle model for institutional investors |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels3 records
ExodusPoint product offering
Product offeringCore offering
ExodusPoint Capital Management operates as a multi-strategy hedge fund platform offering institutional investors diversified exposure across fixed income strategies (Rates, Credit, Emerging Markets & Macro) and equity strategies (Fundamental, Statistical Arbitrage & Systematic, Quantitative/Event Arbitrage). Strategies are managed by experienced portfolio managers within a robust risk framework, targeting low correlation to broad market indices with liquid, generally market-neutral instruments. The firm charges management fees and performance fees (with a cash hurdle model adopted in September 2024) on assets managed for pension plans, endowments, family offices, sovereign wealth funds, and accredited investors.
Product overview
ExodusPoint operates as a multi-strategy hedge fund platform offering a unified investment management approach that combines complementary fixed income and equity strategies managed by experienced portfolio managers within a robust risk framework. The platform spans two primary categories: Fixed Income Strategies (Rates, Credit, and Emerging Markets & Macro) and Equity Strategies (Fundamental, Statistical Arbitrage & Systematic, and Quantitative/Event Arbitrage). All strategies are designed to be liquid and generally market neutral, targeting low correlation to broad market indices while seeking asymmetric returns.
Differentiator
Problem solved
Functional benefit
Products and services
- Fixed Income – Rates Strategies Rates strategies operating in G7 rates across major bond, swap, and futures markets, including yield curve and relative value strategies, short-end rates, and inflation strategies. Offered to institutional investors within the ExodusPoint multi-strategy platform.
- Fixed Income – Credit Strategies Credit strategies focused on liquid markets, encompassing fundamental long/short credit, credit index and options, macro credit, new issuance, and systematic credit trading. Offered to institutional investors within the ExodusPoint multi-strategy platform.
- Fixed Income – Emerging Markets & Macro Strategies Macro strategies spanning fixed income across developed markets (rates, inflation, commodities) and emerging market trading in rates, FX, and equities. Offered to institutional investors within the ExodusPoint multi-strategy platform.
- Equity – Fundamental Strategies Research-driven fundamental equity strategies that are typically market and sector neutral. Offered to institutional investors within the ExodusPoint multi-strategy platform.
- Equity – Statistical Arbitrage & Systematic Strategies Diversified systematic strategies operating across asset classes, as well as mid-frequency statistical arbitrage strategies. Offered to institutional investors within the ExodusPoint multi-strategy platform.
- Equity – Quantitative/Event Arbitrage Strategies Quantitative and event arbitrage strategies seeking to capture anomalies due to passive market flows including index rebalancing, and opportunities from hard catalyst events such as IPOs, spin-offs, and share class arbitrage. Offered to institutional investors within the ExodusPoint multi-strategy platform.
- Investor Portal (clients.exoduspoint.com) Secure web-based client portal providing existing ExodusPoint investors with access to fund performance analytics, reports, and account information. Provided as part of the firm's investor servicing to limited partners.
Quantifiable outcome
- 18% annual return in 2025, outperforming S&P 500's 16.4% gain
- +3 more outcomes
Companies that use ExodusPoint
Customer profileSegments3 records
Ideal customer profiles3 records
ExodusPoint technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
ExodusPoint partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Ovata Capital ManagementcoreHong Kong-based hedge fund Ovata Capital Management is ceasing operations as founder James Chen and approximately 40 staff members join ExodusPoint Capital Management. Chen will join as head of equities for the region, expanding ExodusPoint's Asian equities operations as part of the firm's broader push into the region.
- James ChencoreFounder of Ovata Capital Management, James Chen is joining ExodusPoint as head of equities for the Asia region, bringing approximately 40 staff members from Ovata to expand ExodusPoint's Asian equities operations.
Scale indicators7 records
Recent moves6 records
Expansion highlights5 records
ExodusPoint competitors and assessment
Company assessmentDirect peers
- Point72 Asset Management: Multi-strategy hedge fund with significant equities focus. Comparable as a multi-PM platform serving institutional and accredited investors with both discretionary and systematic strategies.
- Balyasny Asset Management: Multi-strategy multi-manager hedge fund employing a similar pod-style investment model. Comparable given its broad strategy coverage and prior employer of ExodusPoint's CRO Kunal Kumar.
- Millennium Management: The largest multi-strategy, multi-manager hedge fund platform globally. Directly comparable to ExodusPoint given its pod-style structure spanning fixed income and equities, and is the prior employer of ExodusPoint's CEO Michael Gelband and Chairman of Risk Dev Joneja.
- Citadel: Multi-strategy hedge fund led by Ken Griffin with broad fixed income and equities franchise. Direct peer based on multi-strategy multi-manager model; Citadel posted 10.2% in 2025 vs ExodusPoint's 18%.
- D.E. Shaw: Multi-strategy hedge fund combining discretionary and systematic strategies. Comparable to ExodusPoint given the breadth of fixed income and equity strategies; delivered 18.5% in 2025 alongside ExodusPoint as a top performer.
- Schonfeld Strategic Advisors: Multi-strategy hedge fund platform. Comparable as a peer multi-manager firm competing for similar institutional allocator capital and trading talent across fixed income and equities.
- Capstone Investment Advisors: Global alternative investment manager with multi-strategy capabilities. Comparable as a peer multi-strategy firm; was the prior employer of ExodusPoint's General Counsel Emily Locher.
- Eisler Capital: Multi-strategy hedge fund that has been winding down operations. Direct peer based on multi-strategy structure, and a recent source of ExodusPoint's talent acquisitions (Jeff Russel, Kunal Kumar previously).
- Hoplite Capital Management: Multi-strategy hedge fund focused on equities and credit. Comparable peer in the multi-strategy space; was the prior employer of ExodusPoint's President Garrett Berg.
- BlueCrest Capital Management: Multi-strategy hedge fund with systematic and discretionary capabilities. Comparable as a peer multi-manager firm; was a prior employer of ExodusPoint's President Garrett Berg.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
ExodusPoint social profiles
Digital presenceExodusPoint financial estimates
Financial estimateRevenue estimate
Valuation estimate
ExodusPoint leadership team
Management profileNumber of profiles
Profiles10 records
ExodusPoint subsidiaries and ownership
Company hierarchySubsidiaries3 records
ExodusPoint funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ExodusPoint M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ExodusPoint
What does ExodusPoint do?
ExodusPoint Capital Management operates as a multi-strategy hedge fund platform offering institutional investors diversified exposure across fixed income strategies (Rates, Credit, Emerging Markets & Macro) and equity strategies (Fundamental, Statistical Arbitrage & Systematic, Quantitative/Event Arbitrage). Strategies are managed by experienced portfolio managers within a robust risk framework, targeting low correlation to broad market indices with liquid, generally market-neutral instruments. The firm charges management fees and performance fees (with a cash hurdle model adopted in September 2024) on assets managed for pension plans, endowments, family offices, sovereign wealth funds, and accredited investors.
Is ExodusPoint a public or private company?
ExodusPoint is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was ExodusPoint founded?
ExodusPoint was founded in 2017. It employs 501 to 1,000 people.
Where is ExodusPoint based?
ExodusPoint is headquartered in New York, United States, in the North America region.
How does ExodusPoint make money?
Two revenue lines are on record. Management Fees are the primary driver. The others are performance Fees.
Who are ExodusPoint's main competitors?
Direct peers on record are Point72 Asset Management, Balyasny Asset Management, Millennium Management, Citadel, D.E. Shaw, Schonfeld Strategic Advisors, Capstone Investment Advisors, Eisler Capital, Hoplite Capital Management and BlueCrest Capital Management.
Does ExodusPoint have an API?
No public API is recorded for ExodusPoint.
What industry is ExodusPoint in?
ExodusPoint's product category is Multi-Strategy Hedge Fund Management. Its primary akta.pro industry code is FSAAAEAG, Target-Risk / Risk-Managed Allocation Funds, with a secondary code of FSAAAJAD, Target-Risk / Risk-Profile Model Portfolios. Its NAICS code is 523940 and its SIC code is 6282.