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ExodusPoint off to Solid Start in First Two Months

Ex-Millennium executive Michael Gelband launched with $8 billion in a tough market.

Michael Gelband’s much-heralded ExodusPoint Capital Management is off to a solid start in a tough market environment.The multistrategy fund, which launched in June with $8 billion, has gained more than 50 basis points through July, according to an individual familiar with the matter.The HFRI hedge fund composite index, meanwhile, is

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