AlphaMaven AlphaMaven

Hedge fund ExodusPoint drives recruitment with JPMorgan, BofA hires - Financial News London

Reported by Fnlondon
Mar 24, 2023· 2 min read
Save Post LinkedIn Email
Key Takeaways
  • • ExodusPoint Capital Management, a $13 billion hedge fund with global offices in London, Paris, Dubai, and Singapore, is actively recruiting senior talent from major financial institutions to strengthen its portfolio management and analysis capabilities.
  • • Evangelos Makris, a senior associate at JPMorgan with three years of tenure, has joined ExodusPoint as an analyst, marking the fund's latest hire from the investment banking sector.
  • • Makris's career trajectory reflects the targeted recruitment pattern: he joined JPMorgan as an associate in December 2019, was promoted to senior associate in November 2021, and brings prior experience from Mitsubishi UFJ Financial Group in Tokyo.
  • • The hiring initiative represents a strategic shift by ExodusPoint to build out analytical and portfolio management depth, leveraging talent pools from both JPMorgan and Bank of America.
Summary
ExodusPoint Capital Management is executing a focused recruitment strategy to enhance its investment capabilities, with the $13 billion hedge fund drawing talent from tier-one financial institutions including JPMorgan Chase and Bank of America. The London-based fund, which maintains international offices in Paris, Dubai, and Singapore, is prioritizing additions to its portfolio management and analysis infrastructure as part of a broader organizational expansion.

Evangelos Makris represents the latest addition to this hiring drive. Makris transitioned from JPMorgan, where he held the rank of senior associate following three years at the institution. His tenure at JPMorgan began in December 2019 as an associate before his promotion to senior associate in November 2021, demonstrating career progression within the investment banking organization. Prior to his JPMorgan role, Makris accumulated financial services experience at Mitsubishi UFJ Financial Group, the Tokyo-headquartered banking group, establishing a background spanning both Asian and Western capital markets.

The recruitment pattern reflects ExodusPoint's strategic intent to bolster analytical horsepower and portfolio decision-making capacity. By sourcing senior professionals from JPMorgan and Bank of America—both dominant players in investment banking and capital markets—ExodusPoint is acquiring talent with institutional experience and established methodological frameworks. This approach signals the fund's confidence in its current business trajectory and its need to scale operational expertise across portfolio management functions.

For institutional investors and allocators tracking hedge fund talent dynamics, the ExodusPoint recruitment activity illustrates broader industry patterns: established hedge funds with substantial assets under management are competing aggressively for mid-to-senior level talent from traditional banking institutions, particularly analysts and portfolio specialists with quantitative or sector-specific expertise. This movement typically precedes expansion in fund strategy, capacity deployment, or new investment verticals.

Go deeper than the headline

Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.

Start your free 7-day trial

Sources

1 outlet

AlphaMaven summarised this story from the reporting below. Each link opens the original article.

Fnlondon Hedge fund ExodusPoint drives recruitment with JPMorgan, BofA hires - Financial News London