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ExodusPoint to Expand Asia Headcount by 80% After Ovata Deal

Reported by Bloomberg
Sep 3, 2026· 2 min read
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Key Takeaways
  • • ExodusPoint Capital Management, the nearly $15 billion multistrategy firm led by Michael Gelband, is on track to expand its Asia headcount by nearly 80% this year, according to a person with knowledge of the matter cited by Bloomberg.
  • • The firm is estimated to reach about 100 employees across Hong Kong, Singapore and Tokyo by year-end, up from 56 at the start of 2026.
  • • A recent deal to hire from smaller regional peer Ovata Capital Management is part of the headcount push.
  • • ExodusPoint has secured more than 20,000 square feet (1,858 square meters) of office space across the three cities, capable of seating up to 180 people combined.
Summary
ExodusPoint Capital Management is on track to expand its Asia headcount by nearly 80% this year, with a recent deal to hire from smaller regional peer Ovata Capital Management contributing to the growth, according to a person with knowledge of the matter, who spoke on condition of anonymity to Bloomberg.

The nearly $15 billion multistrategy hedge fund, led by Michael Gelband, is estimated to have about 100 employees across its Hong Kong, Singapore and Tokyo offices by the end of 2026. That compares with 56 staff in the region at the start of the year.

To accommodate the expansion, ExodusPoint has secured more than 20,000 square feet (1,858 square meters) of office space in the three cities. The space can seat as many as 180 people combined, indicating the firm is positioning for further growth beyond current projections.

The move underscores the continued build-out of multistrategy platforms in Asia as managers compete for portfolio talent in the region.

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Sources

1 outlet

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

Bloomberg ExodusPoint to Expand Asia Headcount by 80% After Ovata Deal