Key Takeaways
- • ExodusPoint, an $8 billion multi-strategy hedge fund founded by former Millennium Management star Michael Gelband, has added at least five experienced portfolio managers and trading specialists across London and New York in the past two months as of August 2018.
- • The fund is demonstrating appetite for junior-level talent, bringing on analyst Jason Brod and an intern alongside senior hires, signaling a shift toward internal talent development mirroring broader industry trends.
- • Key London additions include James ter Haar (senior credit portfolio manager from Caxton Associates), Thierry Hue (exchange connectivity and algo trading expert from Morgan Stanley and Deutsche Bank), and Daulat Khatik (data analysis specialist from WorldQuant).
- • New York hires include Anthony Piscionere (junior rates relative value trader from DRW Investments) and Felipe Freitas (senior emerging markets portfolio manager from CSHG Gauss, a Credit Suisse-linked investment manager).
- • ExodusPoint's aggressive hiring despite limited defections from Millennium suggests the fund is building scale and depth across multiple trading disciplines rather than executing a talent raid on its parent organization.
Summary
ExodusPoint Capital Management continues an aggressive recruitment drive across its London and New York offices, adding at least five experienced investment professionals and junior-level staff within a two-month window in summer 2018. The $8 billion multi-strategy hedge fund, founded by Michael Gelband—a prominent fixed income trader who departed Millennium Management—is demonstrating systematic hiring momentum as both offices mature.
The London office, which opened in April 2018, has absorbed three senior hires since July. James ter Haar joined as senior credit portfolio manager, bringing eighteen months of experience from hedge fund Caxton Associates and prior tenure at Millennium. Thierry Hue, recruited in July, brings expertise in exchange connectivity and algorithmic trading, with previous leadership roles at Morgan Stanley (where he headed algo trading) and Deutsche Bank. Daulat Khatik, arriving in August, specializes in data analysis and comes from WorldQuant, the quantitative research fund founded by Igor Tulchinsky, himself a former Millennium managing director.
ExodusPoint's New York office, operational since early 2018 at East 55th Street, has also added senior and junior talent. Felipe Freitas joined as senior emerging markets portfolio manager from CSHG Gauss, an investment management platform with Credit Suisse connections. Anthony Piscionere, a junior rates relative value trader from prop trading firm DRW Investments, fills a developmental role. The fund also hired Jason Brod as an analyst, reflecting industry-wide movement toward building internal training pipelines.
The hiring pattern suggests ExodusPoint is constructing a diversified investment team across credit, quantitative analysis, algorithmic trading, and emerging markets—reflecting its multi-strategy mandate—rather than executing a concentrated talent extraction from Millennium. The addition of junior-level positions alongside senior portfolio managers indicates a deliberate strategy to combine experienced leadership with scalable talent development, positioning the fund for sustainable growth as it establishes institutional depth.
The London office, which opened in April 2018, has absorbed three senior hires since July. James ter Haar joined as senior credit portfolio manager, bringing eighteen months of experience from hedge fund Caxton Associates and prior tenure at Millennium. Thierry Hue, recruited in July, brings expertise in exchange connectivity and algorithmic trading, with previous leadership roles at Morgan Stanley (where he headed algo trading) and Deutsche Bank. Daulat Khatik, arriving in August, specializes in data analysis and comes from WorldQuant, the quantitative research fund founded by Igor Tulchinsky, himself a former Millennium managing director.
ExodusPoint's New York office, operational since early 2018 at East 55th Street, has also added senior and junior talent. Felipe Freitas joined as senior emerging markets portfolio manager from CSHG Gauss, an investment management platform with Credit Suisse connections. Anthony Piscionere, a junior rates relative value trader from prop trading firm DRW Investments, fills a developmental role. The fund also hired Jason Brod as an analyst, reflecting industry-wide movement toward building internal training pipelines.
The hiring pattern suggests ExodusPoint is constructing a diversified investment team across credit, quantitative analysis, algorithmic trading, and emerging markets—reflecting its multi-strategy mandate—rather than executing a concentrated talent extraction from Millennium. The addition of junior-level positions alongside senior portfolio managers indicates a deliberate strategy to combine experienced leadership with scalable talent development, positioning the fund for sustainable growth as it establishes institutional depth.
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