It currently holds the largest launch in history for hedge funds where it raised $8.5 billion in 2018 after it started accepting capital from external investors.

[2][4][5][6] Gelband was once seen as the heir to Israel Englander but after he was declined an ownership stake in the firm, he left to start ExodusPoint.

[2][5][6] Although the results were not made public, it is believed that Gelband won the lawsuit and was able to take staff from Millennium Management to establish his firm.

[2][4] In June of that year, it launched with $8.5 billion in capital, making it the largest start-up hedge fund in history.

[12] One of the main reasons for its overall lackluster performance is the significant under-performance of its equities and quantitative finance businesses despite the large investments placed into them.