Comments (21)

Jul 31, 2020 - 11:42am
silencer, what's your opinion? Comment below:

At platforms, its all about your team/PM rather than the firm. Both shops should have access to 'similar' technology stack, brokers and datasets.

Jul 31, 2020 - 1:24pm
powerforward1, what's your opinion? Comment below:

exodus is newer, but had less time to build out infra with no legacy debt

MLP has more legacy infra

not sure how they compare

Sep 11, 2020 - 5:43am
sj855, what's your opinion? Comment below:

Infra requirement varies across different type of strategies. Do you mean specifically for quant strategies which generally demand a higher level of infra support which exodus is less competitive than MLP? Though it seems that neither place is considered as quant shops.

Aug 1, 2020 - 5:20am
rumplestiltskin, what's your opinion? Comment below:

As people said previously, they are very similar and the gold standard with Exoduspoint giving slightly better terms as they are a franchise team and needed to pay up to acquire talented traders (I don't think that this should really influence your decision though.) Management structure is probably better at ExodusPoint currently because there are less legacy layers of management and the PMs have a more direct connection to the founders (who are the same people who built the biz at MLP). Millenium likely has some advantages on niche infrastructure if you are a team that can leverage something built preexisting from a former team, otherwise would say resources are similar. Are these enough to switch shops if you already have a good deal? Probably not with all the friction involved.

This is if you are a PM. If you are not a PM it is going to be 100% about which PM you think is better and you get along with better.

Aug 7, 2020 - 5:04pm
sonibubu, what's your opinion? Comment below:

Since they're basically mirrors of each other for the most part, I'll give my 2 cents.

Pay/drawdown: ExodusPoint slightly better

Mgmt access: ExodusPoint (imagine going to a meeting with AMZN at millennium with 30 investors in the room vs 5 at ExodusPoint)

Infrastructure cost: millennium (splitting the cost among more teams means lower expenses per team)

As Exodus grows its number of teams I'm sure the 2nd and 3rd points will even out.

Oct 25, 2020 - 10:51am
MMPM, what's your opinion? Comment below:

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