Michael Gelband’s Exodus Point launched in 2018 with $8.5 billion in assets. Expectations were high that the former Millennium Management executive would be able to take the skills he had learned at Izzy Englander’s hedge fund and replicate its performance, after a decade of running its fixed income business.
The fund looks to be proving its metal this year.
According to a copy of its April investor update, which ValueWalk has been able to review, Exodus Point returned 2.1% during the month of April. For the year to the end of April, the fund is up 2.94%.
Q1 2022 hedge fund letters, conferences and more
The hedge fund’s assets under management have grown considerably since its launch. At the end of...
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