Daily Market Updates: ExodusPoint allocates more than $1 billion for Ben Atlas macro pod

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ExodusPoint allocates more than $1 billion for Ben Atlas macro pod

The new macro trading pod, Atlas Capital, is expected to launch later this month under Atlas's lead at ExodusPoint, according to the deal plans cited by Bloomberg.

Reported · Written up by our desk · Hedge Funds

ExodusPoint Capital Management is backing former BlueCrest portfolio manager Ben Atlas with an initial allocation of more than $1 billion to support a new macro trading pod, according to a Bloomberg report.

Bloomberg cited people familiar with the plans saying Atlas is expected to launch the strategy at ExodusPoint later this month under the name Atlas Capital.

Atlas previously served as a senior portfolio manager at BlueCrest Capital Management, founded by billionaire Michael Platt. He left BlueCrest last year, after earlier roles at proprietary trading firm DRW Holdings and Barclays.

ExodusPoint reportedly declined to comment, while Atlas reportedly did not respond to requests for comment.

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Sources

HedgeweekExodusPoint gives former BlueCrest trader more than $1bn for new macro pod

ETFs & Funds

ExodusPoint allocates more than $1 billion for Ben Atlas macro pod

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