Research profile
ExodusPoint Capital
Multi-strategy hedge fund launched with the largest hedge-fund debut in history.
- Headquarters
- New York, USA
- Founded
- 2018
- Funding model
- Bank / Institutional
- Availability
- Not clearly stated
U.S. traders: Not confirmed — ProprietaryTrading.com could not verify from current first-party sources whether this firm accepts U.S. traders.
Profile updated: August 29, 2026 · Primary source types reviewed: firm rules, FAQ and program pages · Research & methodology
May suit
traders focused on equities, forex.
Consider alternatives if
you require futures, options; you rely on copy trading.
Trader rating
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Overview
What this firm is and who it serves
ExodusPoint Capital Management was founded in 2018 by former Millennium executives and launched with $8B+, the largest hedge-fund launch ever. It runs equities, macro, fixed income, and systematic pods.
"Apply disciplined multi-strategy investing across global markets."
At a glance
Structured facts about this firm
- Firm Type
- Bank / Institutional prop firm
- Market Focus
- Stocks, Forex
- Trading Style
- News trading permitted, overnight holding allowed, weekend holding allowed
- Retail Accessibility
- Open to retail traders
- Based in
- New York, USA
- Trader availability
- Not clearly stated
- Known For
- Largest HF launch in history
- CEO
- Michael Gelband
- Team size
- 500+
Funding programs
Account types and the path to capital
Evaluation
—Not required by this firm.
Instant funding
—Not offered by this firm.
Scaling plan
—No formal scaling plan documented.
Not applicable.
Trading rules
What's allowed, what isn't
Asset classes supported
Related terms: trailing drawdown · consistency rule · profit split
Platforms & technology
Where and how you trade
Supported platforms
Payout structure
How and when you get paid
Pros & cons
A balanced view based on documented terms
Strengths
- +Strong pedigree
- +Multi-strategy depth
Trade-offs
- −Highly selective
ExodusPoint Capital FAQs
Based on terms reviewed August 29, 2026
What should traders verify before choosing ExodusPoint Capital?+
Review the specific program's drawdown rules, payout eligibility, prohibited strategies, platform availability, refund terms and any country restrictions before purchasing. Terms can differ between programs at the same firm. This profile summarizes the latest documented terms we found, but traders should confirm the current rules directly with ExodusPoint Capital before purchasing.
Does ExodusPoint Capital offer evaluation and instant-funding options?+
ExodusPoint Capital does not require a traditional evaluation phase. Program rules, fees and payout terms can differ between paths, so confirm the terms of the specific program you intend to buy.
How do ExodusPoint Capital's payouts and profit split work?+
The published profit split is up to pod p&l + base of net profits to the trader, depending on the program; payouts are processed on a annual basis. Payout eligibility begins after the applicable program cycle, and program-specific terms should be confirmed directly with the firm.
What are ExodusPoint Capital's main drawdown and trading restrictions?+
Based on the documented terms we reviewed: news trading is allowed, overnight holding is allowed, weekend holding is allowed, copy trading is not permitted. Drawdown type and consistency requirements can vary by program, so check the rulebook for the exact program before purchase.
Which platforms and markets are available at ExodusPoint Capital?+
Platforms: Internal. Markets: equities, forex. Availability can differ by program and by region — confirm on the firm's platform and product pages before purchasing.
Disclosure
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