Millennium, ExodusPoint Post Small Losses Amid March Tumult

ExodusPoint Capital Management and Millennium Management were among multistrategy hedge funds that posted small losses amid this week’s market volatility.

Michael Gelband’s ExodusPoint fell almost 2% in March through Wednesday, leaving it up about 0.5% this year, according to people familiar with the results. Much of the firm’s focus is on fixed-income trades. Izzy Englander’s Millennium, meanwhile, lost 1.3% this month through Thursday, bringing declines for the year to 0.8%, other people said. This week alone wiped out nominal gains the fund had earlier in the month.