• Investment
  • Culture of
  • Experienced
    Management
  • Robust
    Risk
  • Alpha
  • Integrity
  • Team
  • Management

About Us

ExodusPoint, founded in 2017 by Michael Gelband and Hyung Lee, began managing investor capital in 2018. The firm employs a global multi-strategy investment approach, seeking to deliver compelling asymmetric returns by combining complementary liquid strategies managed by experienced investment professionals within a robust risk framework. ExodusPoint brings together an accomplished team with hands-on experience running multi-manager businesses to create an institutional investment management firm.

  • Management
    Team

  • Investor
    Alignment

  • Investment
    Alpha

  • Flexible Multi-Strategy
    Platform

Value
Proposition

Management
Team

Highly experienced team with extensive hands-on knowledge of running a multi-manager business. Decades of experience identifying, recruiting, and managing talented investment professionals.

Senior Management Team biographies

Investor
Alignment

Cost pass through structure designed to align interests between management and investors. Enhanced transparency across aspects of the business including performance analytics, risk reporting, and expenses. Significant investment into the fund by founding principals.

Investment
Alpha

Seek highly diversified allocations to both fixed income and equity strategies. Focus on liquid instruments designed to allow active risk management.

Flexible Multi-Strategy
Platform

Our platform is designed to provide the resources, infrastructure, and support necessary to create an environment that enables our investment professionals to be most productive.

Team

Michael Gelband and Hyung Lee have worked together for over 25 years at globally recognized financial institutions and have assembled a senior management team with decades of collective experience managing multi-asset investment teams. The majority of the senior management team have worked together in different roles for over 20 years, resulting in a cohesion that benefits the business.

Michael
Gelband

Co-Founder
Co-CEO
and Head of Fixed Income

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Hyung
Lee

Co-Founder
Co-CEO
and Head of Equities

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Dev
Joneja

Chief
Risk Officer

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Enrico
Corsalini

Chief Operating Officer

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Michael is Co-Founder, Co-CEO, Head of Fixed Income, and a member of the Firm’s Management Committee. Prior to co-founding the firm, he was the Global Head of Fixed Income for Millennium Management LLC. At Millennium, he was responsible for the oversight of all recruitment, trading, and risk management of Millennium’s Fixed Income Business. Before joining Millennium, Michael worked at Lehman Brothers from 1983 until May 2007 and again from June through October 2008. He had various trading and management responsibilities over that time including Head of Liquid Markets, Head of Fixed Income in Asia-Pacific, Global Head of Fixed Income, and Global Head of Capital Markets. Michael was also a member of the Lehman Brothers Management and Executive committees. Michael graduated with a bachelor’s degree in business administration from the University of Georgia, and he earned a master’s degree in business administration from the Ross School of Business at the University of Michigan. He is the former Chairman of the Ross School Advisory Board at the University of Michigan. Michael currently serves on the University’s President’s Advisory Group.

Hyung is Co-Founder, Co-CEO, Head of Equities, and a member of the Firm’s Management Committee.  Prior to co-founding the firm, he was the Global Head of Equities for Millennium Management LLC.  At Millennium, he was responsible for the oversight of all recruitment, trading, and risk management of Millennium’s Equity Business.  Before joining Millennium, Hyung spent 15 years working at Lehman Brothers in various roles including Head of Capital Markets, Asia Pacific, where he oversaw the equities and fixed income divisions.  Prior to joining Lehman, he was a trader at Bank of New York.  Hyung earned a bachelor’s degree in economics from the Wharton School at the University of Pennsylvania.

Dev joined ExodusPoint at launch as Chief Risk Officer, and he is a member of the Firm’s Management Committee.  Prior to joining ExodusPoint, Dev was Global Head of Risk for Millennium Management LLC.  At Millennium, he was responsible for the day-to-day management of risk across all products and oversaw Millennium’s Risk Department.  Before joining Millennium in 2009, Dev worked at Lehman Brothers for 13 years, most recently as the Head of Fixed Income Research in Europe and as the Global Head of Lehman Indices and POINT (Portfolio Analytics).  Prior to Lehman, he was on the faculty of the Graduate School of Business at Columbia University in New York.  Dev earned his Ph.D. from Cornell University and completed his undergraduate degree in engineering at the Indian Institute of Technology.

Enrico joined ExodusPoint at launch and is Chief Operating Officer.  He is also a member of the Firm’s Management Committee.  Prior to joining ExodusPoint, Enrico was the Global Head of Business Management of Fixed Income for Millennium Management LLC.  At Millennium, he was responsible for the oversight of the operational and control infrastructure of the Fixed Income business as well as the adequate resourcing of portfolio managers.  Before joining Millennium, Enrico worked at Nomura Securities from 2008 until 2012, where he served as Chief Operating Officer for the Global Fixed Income and Equity businesses.  Enrico previously worked at Lehman Brothers from 1994 to 2008.  His various roles included Chief Financial Officer for Asia, serving on the Asia Operating Committee, and Global Product Controller of Lehman’s Credit business.  Enrico is a CPA (inactive) and graduated from the State University of New York at Albany with a bachelor’s degree in accounting.

Garrett
Berg

Head of Marketing and
Business Development

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Patrick
Tynan

Equities COO

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Brendan
Kalb

General Counsel

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Caitlin
Farrell-Starbuck

Chief Compliance Officer

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Garrett joined ExodusPoint at launch and is Head of Marketing and Business Development. He is also a member of the Firm’s Management Committee. Prior to joining ExodusPoint, Garrett was the Global Head of Marketing and Investor Relations for Hoplite Capital Management.  Before joining Hoplite, Garrett was the Global Head of Marketing and Investor Relations for BlueCrest Capital Management, and he was also a member of the firm’s Global Operating Committee. Earlier in his career, he worked in the financial services group of the management consultancy Oliver Wyman.  Garrett holds the Chartered Financial Analyst® designation and is a member of the New York Society of Security Analysts.  He is also a member of the President’s Council for the Children’s Scholarship Fund.  Garrett earned a bachelor’s degree in marketing from Providence College.

Patrick Tynan joined ExodusPoint at launch as the COO for the Equities Group, and he is a member of the Firm's Management Committee.  Prior to joining ExodusPoint, he was Global Business Manager for Equities at Millennium Management LLC.  While at Millennium, he initially managed the US equity operations team.  Patrick was ultimately responsible for building out global equity operations and the support function for trading and portfolio managers in New York, London, and Singapore.  He began his career on the sales trading desk at ING Barings.  Patrick graduated from Fairfield University with a bachelor’s degree in international business.

Brendan Kalb joined ExodusPoint in September 2020 as General Counsel, and he is also a member of the Firm's Management Committee. Prior to joining ExodusPoint, Brendan was a partner in the Investment Management Group at Morgan Lewis in New York. Prior to joining Morgan Lewis, Brendan was the General Counsel at AQR Capital Management, LLC, a quantitative registered investment adviser based in Greenwich, CT, where he was responsible for managing the full spectrum of the firm’s legal affairs. Prior to joining AQR, Brendan worked as an associate at the law firms of Willkie Farr & Gallagher and Seward & Kissel. Brendan received his JD from Cornell Law School and graduated magna cum laude with a B.A. in International Relations & Economics from the University of Pennsylvania. Brendan has served as a member of the Board of the Directors of the National Futures Association and as member of the Managed Funds Association’s Investment Adviser and Government Affairs Committees, and as Chairman of the MFA’s CTA, CPO and Futures Committee. Brendan also serves on the Board of Advisors of the Institute for Law and Economics, a joint research center between the Law School, the Wharton School and the Department of Economics at the University of Pennsylvania.

Caitlin Farrell-Starbuck joined ExodusPoint in October 2018 as Chief Compliance Officer, and she is also a member of the Firm’s Management Committee. Prior to joining ExodusPoint, Caitlin was the Global Head of Compliance for Man AHL based in London. At Man AHL she was responsible for overseeing the compliance and regulatory program operated from their offices located in London, New York, and Hong Kong. Before joining Man AHL, Caitlin worked at Two Sigma Investments in New York from 2010 to 2015 where she established and served as the Head of the Research and Trading Compliance team. She began her career in financial services at Lek Securities. Caitlin graduated from American University with a bachelor’s degree in political science.

Investment
Strategies

The combination of fixed income and equity strategies is designed to offer a compelling risk adjusted return profile.

Fixed Income

Equities

rates

ExodusPoint's Rates strategies largely operate in G7 rates, across major bond, swap, and futures markets, and include yield curve and relative value strategies, as well as short-end rates and inflation strategies.

credit

ExodusPoint's Credit strategies are focused on liquid markets, and include fundamental long/short, credit index and options, macro credit, new issuance, and systematic credit trading.

em & macro

ExodusPoint's Macro strategies include fixed income across developed markets including rates, inflation, and commodities, as well as emerging market trading in rates, FX, and equities.

Statistical Arbitrage
& Systematic

ExodusPoint's Statistical Arbitrage & Systematic Strategies include diversified systematic strategies that operate across asset classes, as well as mid-frequency statistical arbitrage strategies.

Quantitative/Event
Arbitrage

ExodusPoint's Quantitative/Event Arbitrage strategies seek to capture anomalies due to passive market flows including index rebalancing and opportunities resulting from hard catalyst events such as IPOs, spin-offs, and share class arbitrage.

Equity
Long/Short

ExodusPoint's Equity Long/Short strategies are typically market and sector neutral and employ an active trading approach.

WestWind
Asset Management

WestWind is a fundamental long/short equities business unit that was launched by ExodusPoint in 2022 to complement and expand ExodusPoint’s existing equity long/short business.

Learn more

Investment
Process

  • Investment
    Talent
  • Capital
    Allocation
  • Risk
    Management

Careers

Human capital is an important element of the multi-manager model. The culture of the firm is shaped by the senior management team’s core values of integrity and entrepreneurship. ExodusPoint strives to create a professional, results-driven, and collegial environment to attract best in class professionals across all facets of its business.

Investment Team

ExodusPoint’s platform is designed to attract and support experienced investment professionals across all liquid systematic and discretionary equity and fixed income strategies. The platform provides the capital, infrastructure, and intellectual resources required to ensure a frictionless environment that allows investment professionals to be most productive. To connect with the firm’s Business Development team regarding portfolio manager or analyst opportunities, please click here.

Business Team

ExodusPoint seeks motivated candidates with entrepreneurial spirit to join its team across all areas of the business. To connect with the firm’s Human Capital team regarding non-investment related opportunities, please click here.

  • New York

    65 East 55th Street,
    9th Floor
    New York, NY
    10022
    646-940-9600

  • London

    20 St. James’s Street
    London, SW1A 1ES

  • Singapore

    Ocean Financial Centre
    10 Collyer Quay Level #19-06/08
    Singapore 049315

  • Stamford

    The Metro Center
    One Station Place, Suite 430
    Stamford, CT 06902

  • Jersey

    Floor One, Liberation Station, Suite 101
    Esplanade, St Helier
    Jersey JE2 3AS

  • Paris

    32 Boulevard Haussmann,
    5th Floor
    75009 Paris

  • Hangzhou

    Room 1002-3,1002-4 Building 4, Quhai Building
    Wuchang Sub-district, Yuhang District, Hangzhou
    311100 Zhejiang

  • Tokyo

    Level 2, Marunouchi Nijubashi Building
    3-2-2, Marunouchi, Chiyoda-ku
    Tokyo 100-0005

  • Hong Kong

    5th Floor
    Champion Tower
    3 Garden Road, Central