Hedge Fund News From HedgeCo.Net

Gelband Hedge Fund Is Said to Make Under 1% After Biggest Launch

(Bloomberg) Michael Gelband last year raised the most money ever for a hedge fund launch. But he barely turned a profit for his investors. His ExodusPoint Capital Management, which raised $8 billion and started trading in June, made about 0.6 percent in its first seven months, according to people with knowledge of the returns. A spokesman for the New York-based hedge fund declined to comment.

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