Ajay Kumar, who previously served as the head of APAC index trading at Goldman Sachs during a decade-long tenure at the investment bank, has secured a new role at the hedge fund ExodusPoint Capital Management in Singapore, according to a report by eFinancial Careers.

Kumar left Goldman in 2020 to take his first hedge fund role, joining Brevan Howard where he spent 16 months before a three-year stint as a Senior Portfolio Manager at Millennium.

Kumar's move to transition to ExodusPoint comes after a period of gardening leave, suggesting a voluntary departure from Millennium, although the hedge fund has declined to comment on his exit.

ExodusPoint has seen modest returns recently, achieving a 6.4% gain in the year to October 2024, although its October performance was less impressive, with a return of just 0.2%, according to Business Insider.