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ExodusPoint Capital Management Review

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ExodusPoint Capital Management, LP

ExodusPoint Capital Management, LP is a hedge fund based out of New York City with $82.2 billion in assets under management (AUM). The firm has 85 advisory employees.

Unlike a traditional investment advisory, ExodusPoint Capital Management does not advise clients and manage their money. Rather, their "client" base is comprised of pooled investment funds - the funds that it manages, which select investors can buy into. If you’re an individual looking for investment management or financial planning services, try our advisor matching tool to find options in your area.

ExodusPoint Capital Management Background

Despite its large asset pool, ExodusPoint Capital Management is a relative newcomer, having been established in 2017. The firm was co-founded by CEO and head of fixed-income Michael Gelband and head of equities Hyung Soon Lee. The duo has more than 50 years of combined experience in the financial sphere, as they’ve previously worked together at Lehman Brothers and Millennium Management, LLC.

ExodusPoint’s staff has a few advisory certifications to its name, including six chartered financial analysts (CFAs) and six certified public accountants (CPAs).

What Types of Clients Does ExodusPoint Capital Management Accept?

In total, ExodusPoint is responsible for the management of six pooled investment funds. There are a number of different clients that invest in these funds, such as high-net-worth individuals, accredited investors, family offices, endowments, foundations, trusts, charitable organizations, pension plans, sovereign wealth funds and businesses.

ExodusPoint Capital Management Minimum Account Size

In order to invest in any of ExodusPoint Capital Management’s funds, the firm requires you to have at least $5 million in investable assets.

Services Offered by ExodusPoint Capital Management

The discretionary management of private investment funds is the main focus at ExodusPoint Capital Management. The firm handles the asset allocation and risk management for each of its funds and the strategies used within them.

ExodusPoint Capital Management Investment Philosophy

At its core, ExodusPoint’s investment ideology looks to “consistently generate attractive, risk-adjusted returns in all market environments and preserve investor capital,” according to its Form ADV. For the most part, the firm’s investments fall somewhere within the equity and fixed-income sectors. Diversification across domestic and global markets is a major consideration as well.

Exposure to the aforementioned equity and fixed-income sectors can be done through many different types of securities at ExodusPoint. This list could include preferred stocks, warrants, commodities, credit-related instruments, exchange-traded funds (ETFs), exchange-traded notes (ETNs), master limited partnerships (MLPs), real estate investment trusts (REITs) and more.

Fees Under ExodusPoint Capital Management

Because ExodusPoint Capital Management is a hedge fund, the funds it manages do not pay any fees. Instead, those who invest in the funds must pay a prorated fee depending on the size of their ownership share. These charges can include transactional, organizational, operating and offering expenses, among others.

What to Watch Out For

ExodusPoint Capital Management’s fee schedule includes performance-based fees. This means that the firm can earn extra compensation for surpassing predetermined performance benchmarks. Note, though, that the firm states in its Form ADV that this arrangement “may create an incentive for ExodusPoint to make investments that are riskier or more speculative than would be the case if the (firm) were compensated solely based on a flat percentage of assets under management.”

Despite the potential receipt of performance-based fees, ExodusPoint Capital Management abides by fiduciary duty. This legally requires the firm and its employees to act in the best interest of clients.

Disclosures

There are no disclosures listed on ExodusPoint Capital Management’s SEC-filed Form ADV.

Opening an Account With ExodusPoint Capital Management

Interested in investing with ExodusPoint Capital Management? If so, try calling the firm at (646) 940-9600 or emailing it at info@exoduspoint.com to open an account. Once you become a client, you’ll gain access to the firm’s investor portal.

Where Is ExodusPoint Capital Management Located?

ExodusPoint Capital Management’s main office can be found in New York City, at 65 East 55th Street on the ninth floor (just off Park Avenue). The firm also operates locations in Connecticut, the U.K., Jersey, France, China, Japan and Singapore.

Tips for Your Investment Portfolio

  • Before you invest your hard-earned money in the market, a financial advisor might be worth looking into. Finding the right financial advisor that fits your needs doesn’t have to be hard. SmartAsset’s free tool matches you with financial advisors in your area in 5 minutes. If you’re ready to be matched with local advisors that will help you achieve your financial goals, get started now.
  • If your primary goal is to save for retirement, a good first step is to figure out if you're on pace to meet your retirement income goals. Stop by our retirement calculator to find out where you stand.

How Many Years $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

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Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology To determine how long a $1 million nest egg would cover retirement costs in cities across America, we analyzed data on average expenditures for seniors, cost of living and investment returns.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. This reflects the typical return on a conservative investment portfolio. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research