Key Takeaways
- • ExodusPoint Capital Management is working with Anthropic to expand use of its Claude AI tools across the firm's roughly $15bn multi-strategy hedge fund, according to Bloomberg.
- • Claude will be integrated into ExodusPoint's proprietary AI platform, Atlas, to support investment research, portfolio management and operational functions.
- • More than 80% of ExodusPoint employees use Atlas each week, and the firm says Claude Code saves its operations team approximately four analyst hours per day on average.
- • ExodusPoint says Claude was the strongest performer among leading AI models it tested across investment research, operations and software engineering.
- • The deal follows similar AI initiatives at peers Millennium Management and Man Group.
Summary
ExodusPoint Capital Management is working with artificial intelligence company Anthropic to broaden the use of its Claude AI tools across the firm, which manages about $15bn in assets as a multi-strategy hedge fund, according to a report by Bloomberg. The partnership will integrate Claude into ExodusPoint's proprietary AI platform, Atlas, with the aim of supporting investment research, portfolio management and operational functions, according to a statement from the firm.
Adoption within the firm is already substantial. More than 80% of ExodusPoint employees use Atlas each week, which the firm cites as evidence of how far AI has been incorporated into day-to-day operations. ExodusPoint said it evaluated leading AI models across a range of applications, including investment research, operations and software engineering, and found Anthropic's Claude to be the strongest performer in its testing.
The firm reported measurable efficiency gains from Claude Code within its operations team, which it said saves approximately four analyst hours per day on average.
The agreement follows similar initiatives among other major alternative investment managers. Millennium Management has partnered with Anthropic to develop an AI-powered risk analyst, while Man Group has also worked with the Claude developer on the development and application of AI technologies within its business.
ExodusPoint was founded in 2017 and is led by Michael Gelband, who serves as chief executive and chief investment officer. Separately, and according to previously reported figures, the hedge fund fell 0.9% in July, leaving it up 3.5% for the year through the end of the month.
Adoption within the firm is already substantial. More than 80% of ExodusPoint employees use Atlas each week, which the firm cites as evidence of how far AI has been incorporated into day-to-day operations. ExodusPoint said it evaluated leading AI models across a range of applications, including investment research, operations and software engineering, and found Anthropic's Claude to be the strongest performer in its testing.
The firm reported measurable efficiency gains from Claude Code within its operations team, which it said saves approximately four analyst hours per day on average.
The agreement follows similar initiatives among other major alternative investment managers. Millennium Management has partnered with Anthropic to develop an AI-powered risk analyst, while Man Group has also worked with the Claude developer on the development and application of AI technologies within its business.
ExodusPoint was founded in 2017 and is led by Michael Gelband, who serves as chief executive and chief investment officer. Separately, and according to previously reported figures, the hedge fund fell 0.9% in July, leaving it up 3.5% for the year through the end of the month.
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