ExodusPoint Adds 4.9% In 2021 On Rates Volatility [Exclusive]

Michael Gelband’s hedge fund ExodusPoint ended 2021 on a strong note after its Rates strategies contributed 1.16% to overall performance in the month. According to a copy of the fund’s December update to investors, which ValueWalk has been able to review, the ExodusPoint Partners International Fund Ltd rose by 1.95% during December, bringing its year-to-date return to 4.9%. The $13.5 billion fund’s Rates strategies profited as bond yields broadly rose in the last month of 2021. US, UK, and German yields broadly rose in December, with 10-year yields up 7, 17, and 16 basis points, respectively. Meanwhile, equity funds ended…