[Exclusive] ExodusPoint Returns 1.25% As Rates Strategies Lead Performance

ExodusPoint, the hedge fund founded by Michael Gelband, who was once seen as the next in line to run Millennium Management after Izzy Englander, returned 1.25% in November, according to a copy of the firm’s November business update, which ValueWalk has been able to review.

Q3 2021 hedge fund letters, conferences and more

The $13.5 billion hedge fund has returned 2.89% net year-to-date, with Equity Quant/Event Arbitrage strategies providing the most significant overall contribution of 1.95%.

Rates Strategies Lead

November saw significant volatility in the fixed income markets as traders around the world speculated on central banks’ next move. In the US, the 10-year and 30-year yields fell by 11 and 14 basis points, respectively. In the UK the 10-year and...