ExodusPoint Suffers With Government Bond Volatility: Firm Goes On Hiring SpreeRupert Hargreaves
Michael Gelband's multi-strategy global hedge fund, ExodusPoint Capital, lost 2.72% during October, bringing its year-to-date return to 1.62%.
According to a copy of the fund's October update, which ValueWalk has reviewed, the biggest detractor from performance in October was the firm's Rates strategy.
In October, the strategy deducted 2.47% from overall performance, with US-based relative value strategies and front-end trading driving losses. For the year to the end of October, the Rates strategy returned -1.57%.
Fixed income volatility
The multi-strategy hedge fund was caught off guard last . . .
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