Key Takeaways
- • ExodusPoint hired two portfolio managers from London-based roles in 2025, with one relocating to the fund's Dubai office and the other transitioning into a support role rather than maintaining PM status.
- • Berhe Tesfayohannes joined ExodusPoint's Dubai office as a portfolio manager after 3.5 years at PIMCO, where he specialized in FX options trading; he also held macro FX trading roles at DBS and HSBC, plus commodity derivatives experience at Mandara Capital.
- • Jorn Grodeland, a 17-year veteran portfolio manager from Brevan Howard with FX exotic options background at RBS, was hired by ExodusPoint London but will work in a support capacity rather than as a PM.
- • ExodusPoint's Dubai expansion continues to gain traction, with Adrian Ahmadi (brought in from Point72 a year prior) running a long/short equity pod and recent hires including Emmanuele di Gennaro from Morgan Stanley's Milan investment banking division (March 2025) and Daniel Dangoor from Goldman Sachs as a senior portfolio manager.
- • The fund's Dubai entity maintains five authorized individuals registered with the Dubai Financial Services Authority as of the story date; the office was established in 2022, though exact headcount remains undisclosed.
Summary
ExodusPoint has executed a strategic hiring push in London, recruiting established portfolio managers but with divergent deployment outcomes—one PM relocated to its Dubai office while another transitions into a supporting role. The moves underscore the hedge fund's broader expansion into the Middle East, where it established its Dubai presence in 2022.
Berhe Tesfayohannes, who spent the past 3.5 years as a portfolio manager at PIMCO focusing on FX options, has joined ExodusPoint's Dubai office as a PM. His background spans macro FX trading at Singaporean bank DBS, FX options and structuring roles at HSBC, and a stint in commodity derivatives prop trading at London-based Mandara Capital. This represents a continuation of ExodusPoint's preference for hiring experienced traders with specialized expertise in structured products and derivatives.
Meanwhile, Jorn Grodeland, a long-serving portfolio manager at Brevan Howard with 17 years of tenure and prior experience as an FX exotic options trader at RBS, joined ExodusPoint but will operate in a support capacity to an existing PM rather than managing his own portfolio. This hiring model suggests ExodusPoint is strengthening analytical and trading infrastructure beneath its PM tier.
ExodusPoint's Dubai office continues to expand its presence. Adrian Ahmadi, recruited from Point72 approximately one year prior to the June 2025 report date, oversees a long/short equity pod and has been actively hiring—including Emmanuele di Gennaro, formerly a Morgan Stanley investment banking associate in Milan, who transitioned to the Dubai office in March 2025 to focus on long/short equity trading. Additionally, Daniel Dangoor, a senior macro trader from Goldman Sachs in London, recently joined ExodusPoint's Dubai office as a senior portfolio manager. The Dubai Financial Services Authority database reflects five authorized individuals associated with the fund's entity as of the reporting date. Industry commentary notes that while Dubai roles appeal to portfolio managers for lifestyle considerations, the competitive talent market experiences frequent hiring and attrition cycles.
Berhe Tesfayohannes, who spent the past 3.5 years as a portfolio manager at PIMCO focusing on FX options, has joined ExodusPoint's Dubai office as a PM. His background spans macro FX trading at Singaporean bank DBS, FX options and structuring roles at HSBC, and a stint in commodity derivatives prop trading at London-based Mandara Capital. This represents a continuation of ExodusPoint's preference for hiring experienced traders with specialized expertise in structured products and derivatives.
Meanwhile, Jorn Grodeland, a long-serving portfolio manager at Brevan Howard with 17 years of tenure and prior experience as an FX exotic options trader at RBS, joined ExodusPoint but will operate in a support capacity to an existing PM rather than managing his own portfolio. This hiring model suggests ExodusPoint is strengthening analytical and trading infrastructure beneath its PM tier.
ExodusPoint's Dubai office continues to expand its presence. Adrian Ahmadi, recruited from Point72 approximately one year prior to the June 2025 report date, oversees a long/short equity pod and has been actively hiring—including Emmanuele di Gennaro, formerly a Morgan Stanley investment banking associate in Milan, who transitioned to the Dubai office in March 2025 to focus on long/short equity trading. Additionally, Daniel Dangoor, a senior macro trader from Goldman Sachs in London, recently joined ExodusPoint's Dubai office as a senior portfolio manager. The Dubai Financial Services Authority database reflects five authorized individuals associated with the fund's entity as of the reporting date. Industry commentary notes that while Dubai roles appeal to portfolio managers for lifestyle considerations, the competitive talent market experiences frequent hiring and attrition cycles.
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