ExodusPoint has been busy hiring London quant & data talent

As multi-strategy hedge funds continue with their 2020 hiring spree, ExodusPoint seems to be busy adding a combination of quants and data professionals in London. 

Last month, ExodusPoint hired Rajae Bouhadi as a quant portfolio manager from LMR Partners, the relative value hedge fund that lost money earlier this year. It also picked up Giulio Pepe, a quant researcher from French asset management group Boussard & Gavaudan. 

This month it's recruited Karna Sethia from Morgan Stanley as a data engineer and Raghavender Goel from WorldQuant as a quantitative researcher. 

All four hires were made in London.

Founded in 2017 by Michael Gelband, a former star fixed income portfolio manager at Millennium Management, ExodusPoint has spent the past few years building a global team. It has a reputation for paying slightly better than Millennium, possibly to the detriment of profitability. 

While ExodusPoint is adding quant and data staff, some other funds have been shedding them. Steven Cannon, the former head of big data at Two Sigma and model data at AQR just joined the Abu Dhabi Investment Fund (ADIA) in quantitative R&D. 

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