Nishant Kumar: ExodusPoint-backed hedge fund launches double-leveraged macro vehicle

Nishant Kumar: ExodusPoint-backed hedge fund launches double-leveraged macro vehicle
ExodusPoint hedge fund raises $1 billion

Nishant Kumar reports that an ExodusPoint-backed hedge fund has launched a double-leveraged version of its macro strategy. The fund has raised $1 billion and is preparing to close to new cash inflows.

Many existing investors have shifted their capital into this higher-octane investment vehicle.

Kumar has previously reported that Balyasny added former Goldman partner Lederhandler to a top role as assets under management hit $36 billion earlier this year. In another move, Schonfeld Strategic Advisors planned to open a Switzerland office to expand its footprint in Europe. These developments come as hedge funds continue to seek new growth and talent.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
Weekly Top Bonuses
up to $2,500
deposit bonus for all clients
CLAIM BONUS
Your capital is at risk.