ExodusPoint loses two senior macro portfolio managers in Dubai
ExodusPoint Capital has lost two senior macro portfolio managers from its Dubai operation less than a year after their appointments, as challenging trading conditions continue to weigh on discretionary macro strategies, according to a report by Business Insider. Chris Wheeler and Daniel Dangoor have both departed the $15.5bn multi-strategy hedge fund founded by Michael Gelband, having joined the…
ExodusPoint Capital has recently seen two senior macro portfolio managers depart its Dubai office, according to a report by Business Insider. Chris Wheeler and Daniel Dangoor, who had both joined the $15.5bn multi-strategy hedge fund in the past year, have left the firm. Wheeler, who had previously worked at BlueCrest Capital and Citadel, joined ExodusPoint in December 2025.
Dangoor, who began his tenure at the firm in June 2026 after a year at Goldman Sachs in London, headed macro thematic trading. The exits of these experienced managers come at a challenging time for macro hedge funds, with unexpected interest rate hikes and fiscal uncertainty in Europe impacting trading strategies. Political and budgetary instability in France have added to market volatility, leading to losses across several macro trading desks.
Despite these headwinds, ExodusPoint has underperformed the broader hedge fund industry composite, returning 4.1% in the first nine months of 2026 compared to the composite's 6.7% gain. The specific reasons for Wheeler and Dangoor's departures have not been disclosed.
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