ExodusPoint partners with Anthropic
ExodusPoint Capital Management is working with artificial intelligence company Anthropic to broaden the use of its Claude AI tools across the $15bn multi-strategy hedge fund, according to a report by Bloomberg. The partnership will integrate Claude into ExodusPoint's proprietary AI platform, Atlas, with the aim of supporting investment research, portfolio management and operational functions,…
ExodusPoint Capital Management has formed a partnership with artificial intelligence firm Anthropic to integrate its Claude AI tools into the $15 billion multi-strategy hedge fund. This collaboration aims to enhance investment research, portfolio management, and operational functions via ExodusPoint's proprietary AI platform, Atlas, according to Bloomberg.
Over 80% of ExodusPoint employees utilize Atlas weekly, indicating a significant integration of AI into the firm's daily operations. The company conducted tests on various AI models, including investment research, operations, and software engineering, and determined Anthropic's Claude to be the most effective performer. Claude Code has already provided measurable efficiency gains for ExodusPoint's operations team, saving approximately four analyst hours daily, on average.
This agreement with Anthropic is part of a trend among major alternative investment managers, with Millennium Management partnering with Anthropic to develop an AI-powered risk analyst and Man Group working on AI technologies within its business. ExodusPoint, founded in 2017 and led by CEO and CIO Michael Gelband, manages around $15 billion in assets.
The hedge fund experienced a 0.9% decline in July, yet it remains up 3.5% for the year to date, based on previously reported data.
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