Reported about 2 months ago
ExodusPoint Capital Management reported a $1 billion decrease in assets under management in the first half of 2024, dropping from $12.02 billion to $11.04 billion, largely attributed to client withdrawals. The hedge fund, which has been closed for new investments and underperformed compared to peers, also experienced internal leadership changes. Despite launching in 2018 with substantial capital, investor interest in multi-strategy funds like ExodusPoint's has declined.
Source: YAHOO