Another top portfolio manager is going to ExodusPoint
ExodusPoint has done it again. The hedge fund that won't stop hiring is understood to have poached yet another portfolio manager in New York City.
The fund's latest hire is understood to be Todd Brick, a portfolio manager and former director of alpha capture and data strategy at quantitative hedge fund Engineers Gate. Engineers Gate confirmed Brick's exit, but neither he nor ExodusPoint responded to requests to clarify his destination.
Founded in 2017 by Michael Gelband, a former star fixed income trader at Millennium Management, ExodusPoint has been hiring heavily on both sides of the Atlantic this year. As we reported last week, it recently hired Stanislas de Caumont, a former global macro portfolio manager at Steve Cohen's Point72. In total, Gelband has hired at least 30 people this year.
Brick and de Caumont will be in different offices, but may know each other already. The two men both previously worked for Steve Cohen's SAC Capital at the same time. Interestingly, both are now at ExodusPoint instead of Point72.
Brick began his career at SAC Capital in 2004 and stayed until Cohen returned outside money after the fund plead guilty to insider trading charges in 2013. There is no implication that Brick was involved in insider trading whilst at SAC.
Brick spent around five years at Engineers Gate. The quantitative fund was founded in 2014 by Glenn Dubin, the co-founder and chief executive officer of Highbridge Capital Management. Engineers Gate has offices in New York, London and Mumbai and employs over 70 people globally, of whom around one third have PhDs.
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