Michael Gelband’s ExodusPoint Capital Management, which launched in June with $8 billion, is up a mere 1 percent through November, according to an individual familiar with the matter.
The fund gained 0.05 percent for the month of November.
Gelband, who was once seen as the heir apparent to Izzy Englander at Millennium Management, left that firm abruptly at the beginning of 2017 and began planning ExodusPoint — whose name is said to be a play on his departure — ever since.
Its
