ExodusPoint Capital Management Company Profile

ExodusPoint Capital Management is a global hedge fund manager with a unique approach to investing.

The company was founded in 2011 by Mark Wang.

ExodusPoint Capital Management is headquartered in New York City.

ExodusPoint Capital Management's company culture and values are shaped by the senior management team's core values of integrity and entrepreneurship. The firm strives to create a culture of innovation and collaboration.

The company's values include honesty and ethical behavior, excellence in all areas of its business, teamwork and collaboration, creativity and innovation, diversity, and inclusivity. These values are reflected in the firm's approach to employee support.

ExodusPoint is committed to delivering measurable value to its clients and stakeholders, with a focus on transparency and integrity. A strong work-life balance is also encouraged, with opportunities for leisure activities and a well-connected location.

The company offers assistance with visa applications, support for relocation expenses, and a favorable tax regime in Jersey. This support helps employees settle into their new roles and environments.

ExodusPoint's investment strategy is all about diversification. By spreading its portfolio across different asset classes and trading strategies, the firm can capture a wide range of investment opportunities.

This multi-strategy approach allows ExodusPoint to capitalize on various market inefficiencies and investment opportunities. It's a forward-thinking way to manage investments.

By employing a diverse set of investment strategies, including equity long-short, credit, macro, and systematic trading, ExodusPoint can adapt to changing market conditions.

ExodusPoint's investment strategy is designed to diversify its portfolio and capture opportunities in different asset classes and trading strategies.

By employing a multi-strategy approach, the firm can capitalize on a wide range of market inefficiencies and investment opportunities.

This approach enables ExodusPoint to invest in various asset classes, such as equity long-short, credit, macro, and systematic trading.

ExodusPoint's investment strategy is focused on capturing opportunities in different asset classes and trading strategies.

The firm's multi-strategy approach allows it to adapt to changing market conditions and capitalize on new investment opportunities.

By diversifying its portfolio, ExodusPoint can reduce risk and increase potential returns.

ExodusPoint's investment strategy is designed to be flexible and responsive to market conditions.

For LP investment firms, having the right SIC code is crucial for classification and regulatory purposes.

The SIC code for ExodusPoint Capital Management, LP is 679, 67.

If you're looking to invest with ExodusPoint Capital Management, LP, knowing their SIC code can help you understand their business operations.

ExodusPoint Capital Management, LP's SIC codes indicate that they are primarily involved in securities and commodity brokers, dealers, exchanges, and services.

At ExodusPoint Capital Management, risk management is a top priority. The firm uses sophisticated techniques to monitor and mitigate portfolio risks.

One of the ways ExodusPoint achieves this is by employing exposure limits, which help prevent significant losses in the event of market downturns. This disciplined approach to risk management is crucial for protecting investor capital.

The firm also utilizes stop-loss mechanisms and stress testing to further minimize risks and preserve long-term performance. By taking a proactive and informed approach to risk management, ExodusPoint Capital Management is able to maintain a strong track record of success.

ExodusPoint Capital Management has experienced significant growth since its inception in 2017, with a notable milestone being the largest launch in hedge fund history, raising $8.5 billion in 2018.

The firm's substantial growth has allowed it to manage a substantial amount of assets, with an AUM of $13.2 billion as of January 1, 2023.

Despite its strong debut, ExodusPoint has faced challenges in performance compared to its peers, with a return of 6.8% in 2019, below the hedge fund average of 9%.

ExodusPoint's underperformance is partly due to the struggles of its equities and quantitative finance businesses, despite substantial investments in these areas.

Risk management is a top priority for any investment firm that wants to protect its clients' capital. ExodusPoint employs sophisticated risk management techniques to monitor and mitigate portfolio risks.

One of these techniques is exposure limits, which help prevent excessive losses by setting boundaries on the amount of capital invested in specific assets.

Stop-loss mechanisms are another tool used to limit losses, by automatically selling assets when they fall below a certain price. This helps protect investor capital and preserve long-term performance.

Stress testing is also a key part of ExodusPoint's risk management strategy, allowing the firm to simulate different market scenarios and identify potential risks.

ExodusPoint Capital Management has faced several challenges and criticisms since its launch. One of the notable issues is its underperformance compared to peers, having lagged behind competitors like Millennium Management in 2019 and 2022.

The firm has struggled with significant staff turnover, with numerous high-level employees leaving since its launch. This instability in leadership can be a concern for investors.

ExodusPoint's fee structure is also a point of contention. Unlike standard hedge funds, it doesn't charge a management fee but passes on substantial unlimited costs to investors, making it more expensive than its peers.

A recent incident highlighted the challenges in credit trading, with a key portfolio manager's trading activities halted following a $70 million loss. This setback has raised questions about the firm's ability to integrate credit trading into its multi-strategy approach.

The firm has also been involved in some legal disputes, including an arbitration case filed by its former employer Millennium Management to stop it from poaching staff. ExodusPoint ultimately won the case, but the incident has drawn attention to the firm's aggressive recruitment tactics.

Here are some of the key challenges ExodusPoint has faced:

ExodusPoint Capital Management has a strong focus on employee and operations. The firm has a highly experienced team with a deep understanding of the markets.

One of the key factors that contribute to the firm's success is its emphasis on innovation and technological advancements. This is evident in its use of advanced trading platforms and systems.

The firm's operations are also highly efficient, with a streamlined process that allows it to quickly adapt to changing market conditions.

Stephen Luterman is the Chief Technology Information Officer of ExodusPoint Capital Management, LP. He holds this position, bringing his expertise to the company.

ExodusPoint Capital Management, LP has a defined leadership structure, with specific roles like the Chief Technology Information Officer.

ExodusPoint Capital Management, LP is based in New York, New York.

ExodusPoint, a multistrategy hedge fund, halved London pay last year.

This is based on the fund's newly released accounts for the UK, which show a 50% cut in spending on wages and salaries.

ExodusPoint hired ten new people in the UK last year, but the average cost per person dropped significantly.

The average pay for each person in 2023 was £414k, down from £933k in 2022.

This reduction in compensation spending is likely due to lower revenues, which declined by 21% to £131m last year.

However, profits available for distribution between members rose 23% to £79m.

ExodusPoint Capital Management, LP is a significant player in the financial industry. 653 people are employed at ExodusPoint Capital Management, LP, showcasing the company's substantial workforce.