ADV Notes: ExodusPoint’s Hiring Surge, Rokos CLO Business Finally Underway, Ex-Baupost Partner Starts AI Fund
Iron Partners folds and Archiv Capital starts up
Hello subscribers, and welcome to the inaugural edition of ADV Notes. This monthly compendium tracks notable disclosures that money managers file with the SEC, primarily by amending their Form ADV registrations. You’ll find the latest on fund closures, openings, strategic changes and other news items that might otherwise go unobserved.
Some other relative industry intelligence might also slip in, such as this month’s report on Florida hiring trends among private funds by the Kronor Group.
In this month’s notes:
ExodusPoint Accelerates Hiring Pace
Millennium Management Leads Florida Hiring
Rokos Starts Long-Awaited CLO Business
Capula’s Latest Fund has $2.5 Million and Four Prime Brokers
Molloy Calls it Quits at Iron Triangle Partners
Ex-Baupost Partner Forms Archiv Capital
Photo by Eric Prouzet on Unsplash
ExodusPoint Accelerates Hiring Pace After Banner 2025
ExodusPoint Capital Management disclosed a spate of new hires after generating its best returns ever in 2025, with the firm’s employee count rising 5.6% during the first five months of this year.
Exodus employed 707 people at the end of May, up from 669 at the end of December. Those employed in an investment advisory role – a regulatory metric – rose to 332 from 313.