In early 2017, ExodusPoint was founded by Michael Gelband and Hyung Lee. In 2018, ExodusPoint started accepting capital from external investors. In October 2018,
Schonfeld Strategic Advisors sued ExodusPoint to stop it from poaching its employees. ExodusPoint eventually won the lawsuit. Despite having a strong debut, ExodusPoint's performance initially lagged its peers; however, the firm has since rebounded and delivered competitive returns. In 2019, ExodusPoint had a return of 6.8% compared to the Hedge Fund average of 9%. In 2022, ExodusPoint had a return of 5.5% to 6% which was lower than its peers including Millennium Management which had over double the return at 12.4%. However, ExodusPoint's fixed-income performance was strong in 2022, accounting for the bulk of the firm’s profits. ExodusPoint returned 11.3% in 2024, its best result since 2020, when it gained 13.5%. The firm achieved its best year on record in 2025, returning 18% and outperforming many of its peers. The firm’s AUM as of December 2025 was approximately $12 billion. Early on, the firm experienced some staff turnover and several senior executives left the firm. ExodusPoint made several new hires in 2023 and has remained strategic about how it expands. == See also ==