ExodusPoint Capital Management has attracted $2bn in new investor commitments, increasing its assets under management to approximately $14.5bn and underscoring continued appetite for large multi-strategy hedge fund platforms, according to a report by Bloomberg.
The fundraising marks the firm’s first significant capital raise since 2023, when it gathered roughly $1bn from investors. The report cites unnamed people familiar with the matter as revealing that the latest round included participation from Abu Dhabi Investment Council (ADIC), an autonomous arm of Mubadala Investment Company.
The new commitments follow a strong performance year for the Michael Gelband-founded manager. ExodusPoint generated returns of 18% in 2025, its strongest annual result since launching in 2018, benefiting from efforts to broaden its equities capabilities alongside its established fixed-income franchise.
Representatives for both ExodusPoint and ADIC reportedly declined to comment on the fundraising.
The capital raise reflects sustained investor interest in multi-strategy hedge funds, a segment that has experienced rapid growth as allocators seek diversified sources of return, lower volatility and access to specialist trading teams operating across multiple asset classes.
Industry data indicates that assets managed by multi-strategy firms continued to expand strongly over the past year, supported by a combination of investment gains and fresh inflows. The sector has emerged as one of the fastest-growing areas of the global hedge fund industry, attracting institutional investors ranging from pension funds to sovereign wealth funds.
At the same time, the success of the largest platforms has led some managers to limit asset growth. Several prominent firms, including Citadel, DE Shaw and Marshall Wace, have returned capital to investors in recent years as they sought to maintain operational flexibility and preserve performance potential.
For Abu Dhabi Investment Council, the allocation forms part of a broader strategy to expand exposure across alternative asset classes. The organisation, which oversees an investment portfolio estimated at around $160bn, has strengthened allocations to hedge funds, private credit and insurance-related investments under chief executive Saeed Al Mazrouei.
The investment also highlights the continued willingness of Gulf-based sovereign investors to deploy capital globally despite geopolitical tensions in the Middle East. Regional institutions have remained active across private markets, public markets and alternative investment strategies throughout the past year.
Abu Dhabi-based investors have been increasing their engagement with the hedge fund sector more broadly. Alongside ADIC’s latest commitment, Abu Dhabi Investment Authority has expanded its use of separately managed accounts as a means of allocating capital across a wide range of hedge fund managers.
