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Adviser Profile

As of Date 10/03/2024
Adviser Type - Large advisory firm
Number of Employees 647 5.20%
of those in investment advisory functions 308 12.41%
Registration SEC, Approved, 04/20/2018
AUM* 111,941,962,274 24.03%
of that, discretionary 111,941,962,274 24.03%
Private Fund GAV* 111,939,100,396 -1.79%
Avg Account Size 15,991,708,896 24.03%
SMA’s No
Private Funds 7
Contact Info (64 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
110B 94B 78B 63B 47B 31B 16B
2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count7 GAV$111,939,100,396

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Top Holdings

Stock Ticker Stock Name $ Position % Position $ Change # Change
Stck Ticker78462F103 Stock NameSPDR S&P 500 ETF TR (CALL) $ Position$2,301,748 % Position14.00% $ Change75.00% # Change66.00%
Stck Ticker78462F103 Stock NameSPDR S&P 500 ETF TR (PUT) $ Position$1,320,189 % Position8.00% $ Change164.00% # Change151.00%
Stck Ticker594918104 Stock NameMICROSOFT CORP $ Position$424,060 % Position3.00% $ Change983.00% # Change1025.00%
Stck Ticker67066G104 Stock NameNVIDIA CORPORATION $ Position$453,317 % Position3.00% $ Change33.00% # Change36.00%
Stck Ticker67066G104 Stock NameNVIDIA CORPORATION (CALL) $ Position$257,635 % Position2.00% $ Change306.00% # Change313.00%
Stck Ticker67066G104 Stock NameNVIDIA CORPORATION (PUT) $ Position$290,502 % Position2.00% $ Change27.00% # Change29.00%
Stck Ticker464287432 Stock NameISHARES TR (CALL) $ Position$253,964 % Position2.00% $ Change250.00% # Change227.00%
Stck Ticker464287655 Stock NameISHARES TR (CALL) $ Position$277,432 % Position2.00% $ Change942.00% # Change857.00%
Stck Ticker594918104 Stock NameMICROSOFT CORP (PUT) $ Position$154,062 % Position1.00% $ Change4006.00% # Change4162.00%
Stck Ticker464288513 Stock NameISHARES TR (CALL) $ Position$186,689 % Position1.00% $ Change # Change

Brochure Summary

Overview

ExodusPoint is a Delaware limited partnership that was formed in 2017 and commenced operations in 2018. The general partner of ExodusPoint is ExodusPoint Capital Partners GP, LLC, a Delaware limited liability company. Michael Gelband and Hyung Soon Lee (the “Principals”), as the managers and principal owners of ExodusPoint Capital Partners GP, LLC, control ExodusPoint. ExodusPoint is owned and controlled by the Principals with Michael Gelband having ultimate authority over day-to-day decisions. The investment activities of ExodusPoint are led by the Principals together with other investment professionals who assist in executing investment strategies on behalf of clients. As of the close of business on December 31, 2023, ExodusPoint advised approximately $12.02 billion in assets under management, and approximately $85.73 billion in regulatory assets under management, on a discretionary basis. ExodusPoint does not manage assets on a non- discretionary basis. ExodusPoint provides discretionary investment advice to the following private investment funds: (i) ExodusPoint Partners Fund, LP; (ii) ExodusPoint Partners Master Fund, LP; (iii) ExodusPoint Partners International Fund, Ltd.; (iv) ExodusPoint Partners Intermediate Fund, LP; and (v) ExodusPoint Strategy 5 Onshore Fund, LP (collectively, the “Funds”). ExodusPoint Partners Fund, LP (the “Domestic Feeder Fund”) is a Delaware limited partnership formed primarily for investment by US investors. ExodusPoint Partners International Fund, Ltd. (the “Offshore Feeder Fund,” together with the Domestic Feeder Fund, the “Feeder Funds”) is an exempted company incorporated under the laws of the Cayman Islands to facilitate investment by US tax-exempt and non-US investors. ExodusPoint Partners Master Fund, LP (the “Master Fund”) is a Cayman Islands exempted limited partnership. The Offshore Feeder Fund (through ExodusPoint Partners Intermediate Fund, LP (the “Intermediate Fund”), which is also a Cayman Islands exempted limited partnership) the Domestic Feeder Fund and ExodusPoint Strategy 5 Onshore Fund, LP generally invest substantially all of their assets through the Master Fund in a “master-feeder” arrangement. However, the Domestic Feeder Fund also is permitted to make, has made and expects in the future to make investments directly or through trading subsidiaries, and the Offshore Feeder Fund through the Intermediate Fund may also make investments directly or through trading subsidiaries. In the future, ExodusPoint may form other feeder funds to invest directly or indirectly in the Master Fund. In addition to the Funds, ExodusPoint is also the investment manager of ExodusPoint Management Investors International, Ltd., which invests into the Offshore Feeder Fund; ExodusPoint Management Investors, LLC, which invests into the Domestic Feeder Fund (together, the “Employee Vehicles”); and certain trading subsidiaries of the Master Fund. The Employee Vehicles are deemed to be “clients” under the Investment Advisers Act of 1940, as amended (the “Advisers Act”). The Principals, those employees of ExodusPoint or its affiliates, Third-Party Managers (as defined below) and those members of their investment teams seeking exposure to the Master Fund’s portfolio generally invest (personally, jointly with their spouse or through entities such as their estate planning vehicles) in the Domestic Feeder Fund, the Offshore Feeder Fund or any other feeder funds directly or indirectly through an Employee Vehicle. In addition, certain Portfolio Managers (as defined below) and members of their investment teams have invested or will be permitted to invest in the future, directly or indirectly, in the Master Fund in order to achieve exposure only to their own respective strategies, including by investing in a separate series of shares of an Employee Vehicle or through one or more dedicated investment vehicles. It is anticipated that such Employee Vehicle series or other investment vehicles will only be available to Portfolio Managers and members of their investment teams and not to any other investors. ExodusPoint believes that permitting Portfolio Managers and members of their investment teams to make such investments generally is useful in aligning the interests of such persons with those of other investors, though these arrangements could cause the interests of such Portfolio Managers to diverge from those of other investors. Various entities that are affiliated with the ExodusPoint serve as general partners to certain of these Funds (each and collectively, “General Partner”). In providing services to the Funds, ExodusPoint, among other things: (i) manages the Funds’ assets in accordance with the terms of the applicable governing documents; (ii) directs and manages the investment and reinvestment of the Funds’ assets; and (iii) provides periodic reports to investors. ExodusPoint provides investment advice directly to the Funds and not individually to the Funds’ investors. ExodusPoint does not participate in wrap fee programs. The Funds’ investment objective is to consistently generate attractive, risk-adjusted returns in all market environments and to preserve investor capital. ExodusPoint seeks to achieve the Funds’ investment objective by allocating substantially all of the assets of the Funds to the discretionary investment authority of a number of portfolio managers and their investment teams (together with Third-Party Managers, “Portfolio Managers”) that employ a wide range of investment strategies including (but not limited to): systematic and quantitative strategies, relative value fixed income, credit, event-driven, fundamental long/short equity and global macro. ExodusPoint has complete discretion to select and allocate capital among investment strategies and Portfolio Managers and may cause the Funds to invest in any additional investment strategies not listed above in its own discretion. In addition to Portfolio Managers employed directly by ExodusPoint, ExodusPoint is permitted to allocate, has allocated and in the future may allocate a portion of the Funds’ capital to third- party portfolio managers or to third-party consultants providing research or non-discretionary trading services that are not employees and/or are operated independently of ExodusPoint (each, along with its affiliates, a “Third-Party Manager”) or to
commingled or dedicated investment accounts or vehicles managed by Third-Party Managers. Third-Party Managers may and currently do manage capital on behalf of the Funds on an exclusive basis or may manage the Funds’ capital in addition to managing other investor capital or client accounts. ExodusPoint currently has engaged certain Third-Party Managers to manage a portion of the Master Fund’s capital and anticipates engaging additional Third-Party Managers in the future. ExodusPoint may economically participate in the businesses of Third-Party Managers through equity stakes or revenue sharing arrangements. Such participation would create a conflict of interest for ExodusPoint in allocating a portion of the Funds’ capital to such Third-Party Managers. For the avoidance of doubt, the term “Portfolio Manager,” as used in this brochure, includes Third-Party Managers unless explicitly stated otherwise. ExodusPoint has formed the UK Sub-Adviser, the Jersey Sub-Adviser, the Singapore Sub- Adviser, the Hong Kong Sub Adviser, the Dubai Sub-Adviser, the Puerto Rico Sub-Adviser, the Domestic Sub-Adviser, the Diversified Select Opportunities Sub-Adviser, the Japan Branch, the UK Technology Affiliate, and the Switzerland Research Affiliate (each as defined below) and may form one or more additional entities under common control with ExodusPoint for any number of purposes, including for purposes of transacting or undertaking other investment or research activities or performing other functions in particular jurisdictions or with respect to particular strategies on behalf of the Funds or client accounts. ExodusPoint has incorporated ExodusPoint Capital Management UK, LLP (the “UK Sub- Adviser”), in the UK, which is a limited liability partnership formed under the UK Limited Liability Partnerships Act 2000. The UK Sub-Adviser is authorized to conduct regulated activities in the UK as a discretionary investment manager and is regulated by the UK Financial Conduct Authority (the “FCA”). ExodusPoint has incorporated ExodusPoint Capital Management Jersey, Ltd (the “Jersey Sub- Adviser”), a private company incorporated under the Companies (Jersey) Law 1991. The Jersey Financial Services Commission has approved the Jersey Sub-Adviser’s application for authorization to conduct regulated activities under the Financial Services (Jersey) Law 1998 (as amended) as a discretionary investment manager. ExodusPoint has incorporated ExodusPoint Capital Management Singapore, Pte. Ltd. (the “Singapore Sub-Adviser”) in Singapore, which is a private limited company. The Singapore Sub- Adviser holds a Capital Markets Services license for fund management issued by the Monetary Authority of Singapore (“MAS”). ExodusPoint has incorporated ExodusPoint Capital Management Hong Kong, Limited (the “Hong Kong Sub-Adviser”) in Hong Kong, which is a private company limited by shares. The Hong Kong Sub-Adviser is licensed with the Securities and Futures Commission of Hong Kong (“SFC”) to provide discretionary investment advisory services. ExodusPoint has incorporated ExodusPoint Capital Management (DIFC) Limited (the “Dubai Sub-Adviser”), a private company incorporated under the Companies Law, DIFC Law No. 5 of 2018. The Registrar of Companies of the Dubai International Financial Centre has approved the Dubai Sub-Adviser’s application for authorization to provide discretionary investment advisory services. ExodusPoint has incorporated ExodusPoint Capital Management International Holdings, Inc., Japan Branch (“International Holdings” or the “Japan Branch”), as a Delaware corporation. ExodusPoint has incorporated ExodusPoint Capital Management Puerto Rico, LLC (the “Puerto Rico Sub-Adviser”) in the Commonwealth of Puerto Rico, which is a limited liability company. ExodusPoint has incorporated ExodusPoint Capital Management Domestic, LLC (the “Domestic Sub-Adviser”), in the state of Delaware, which is a limited liability company, and Diversified Select Opportunities Capital Management, LLC (the “Diversified Select Opportunities Sub- Adviser”), in the state of Delaware, which is a limited liability company. ExodusPoint has formed the following U.S. and non-U.S. ExodusPoint affiliates to provide research support and other services: ExodusPoint Capital Management UK Technologies, Ltd (the “UK Technology Affiliate”) and ExodusPoint Capital Management Switzerland Sàrl (the “Switzerland Research Affiliate”). ExodusPoint may establish additional offices and/or affiliated entities in other jurisdictions in its sole discretion. ExodusPoint will typically hire certain employees who will work to establish such offices or affiliated entities and seek relevant approvals from local authorities prior to providing material advisory services or other regulated services in such jurisdictions. While the Funds are currently ExodusPoint’s only clients, the General Partner and ExodusPoint may sponsor, manage or advise other accounts in the form of other privately offered funds, investment vehicles or separately managed accounts. Any such additional accounts may be managed according to strategies that are similar to or materially different from the Funds and may invest alongside the Funds. Such additional accounts may hold the same or opposite positions as the Funds and may trade in advance of or contemporaneously with the Funds. Certain additional accounts may only be exposed to the strategies of certain Portfolio Managers or may be more or less heavily weighted to certain Portfolio Managers. Any such differences likely will result in differentiated performance of those accounts from that of the Funds. The trading of such other accounts may follow a substantially similar investment program as the Funds or overlap in terms of specific investments but may be structured with different expense, compensation and liquidity terms than the Funds or may afford their investors or account holders more transparency to all or a portion of their strategies, exposures or portfolios than is afforded to the investors in the Funds. The existence of such additional accounts may create conflicts of interest for ExodusPoint. ExodusPoint will develop policies and procedures designed to mitigate such conflicts. There are no limitations on the investment or trading strategies pursued or the accounts that may be managed by ExodusPoint and the Portfolio Managers.