Michael Gelband's $13.3 billion ExodusPoint is losing top tech talent as heads of data science and infrastructure exit

<p><img src="https://static2.businessinsider.com/image/60342d3838aa9f00185e054c-848/screen shot 2017-03-01 at 2.45.12 pm.png" border="0" alt="Wall Street bull" data-mce-source="Reuters/herval" data-mce-caption="The Wall Street bull" data-link="https://www.flickr.com/photos/herval/51039207/in/photolist-5vAbk-d9uEqJ-mMm5-aySTdM-3SGu7-eUE84-4yBh6-24Skrs-ufK2k-6yM4bv-c2neRy-aoaczA-awvGtG-awvGky-2op9o8-cghjN-hL9u8D-ctYzLN-5MVS-dfhXhH-9g2W2a-9RTsto-JTBRcb-apx3D4-eUXhRq-mmDk9x-fx4NnK-aEPHTg-eMmUS7-8Dx9oK-bxnPa3-5Fvd2D-a3q6VJ-ikjLiZ-bB1t5q-iMXYKo-dfABGi-6bcZMj-anLs26-iquVVz-9g63Fy-dpBZAg-qZRL8D-bB1t91-9g2VWn-baUGgM-x9gALg-6yR8Ad-6sLSi3-6sGHc8"></p><p></p><bi-shortcode id="summary-shortcode" data-type="summary-shortcode" class="mceNonEditable" contenteditable="false">Summary List Placement</bi-shortcode><p>Two of Michael Gelband's top tech personnel have left his $13.3 billion firm ExodusPoint Capital Management, sources told Insider.</p><p>Sonny Baillargeon and Anil Chandroththe global head of infrastructure and head of data sciencehave left the New York-based multi-manager in the last month. It's unclear where the two are headed or who is replacing them.&nbsp;</p><p>The pair were a part of the leadership team for the firm's 158 tech employees, a large team even for the tech-obsessed hedge fund space.</p><p>The firm has also recently lost two quant portfolio managers. Ryan Sandor is set to join Citadel's New York office in October as an index rebalancing portfolio manager, the Chicago-based firm confirmed in an email.&nbsp; His exit comes as quant portfolio manager David Qian leaves for Balyasny Asset Management, which was first reported by trade publication Hedge Fund Alert.</p><p>The firm has been aggressive in adding to its team this year, a source close to ExodusPoint tells Insider, with 117 new people joining the manager since the start of 2021. That includes 20 portfolio managers, such as Erik Schiller, a former executive in Prudential's asset management business, and Frank Fehle, a former senior quant at Citadel who will manage money for Exodus exclusively at his Europe-based Ox Galton Partners. Both hires were previously reported by Bloomberg.&nbsp;</p><p>The manager, which was the biggest hedge fund launch in history when it began trading in 2018 with $8 billion, has trailed its main peers in performance this year. It is up less than 3% through the first half of the year, sources tell Insider. The average fund returned nearly 10% through the same period, according to Hedge Fund Research, and ExodusPoint peers like Citadel, Millennium, and Balyasny have outpaced the firm so far this year.&nbsp;</p><p><a href="https://www.businessinsider.com/michael-gelband-exoduspoint-tech-personnel-exits-sonny-baillargeon-anil-chandroth-2021-7#comments">Join the conversation about this story &#187;</a></p> <p>NOW WATCH: <a href="https://www.businessinsider.com/how-the-1999-russian-apartment-bombings-led-to-putins-rise-to-power-2018-3">How the 1999 Russian apartment bombings led to Putin's rise to power</a></p>
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