Hedge Fund Arrowpoint Hires 10 Trading Teams, Seeks More Capital

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(Bloomberg) — Arrowpoint Investment Partners, the Asia-focused hedge fund firm, is seeking to boost capital to between $2.5 billion and $3 billion in the second half, as more teams are set to join the so-called pod shop, said a person with knowledge of the matter.

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The firm’s assets have risen to nearly $2 billion, helped by fresh capital from existing and new investors, as well as an 8.3% return in the first five months of the year, said the person, who asked not to be identified discussing private information. 

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Arrowpoint has signed up 10 more investment teams that will start in the remainder of the year, adding to about 20 that are actively trading at the moment, the person said. Elizabeth Lo, a Hong Kong-based partner, declined to comment.

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Multistrategy firms that employ myriads of teams have taken the lion’s share of fresh capital flowing into the global hedge fund industry since 2017, tapping investor demand for one-stop shops capable of generating stable returns. That has fueled competition for talent and additional inflows.

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The rivalry has put pressure especially on latecomers to hire quality investment staff, deliver returns and raise stable capital in their early years. Less than two years after launching, Jain Global recently struck a deal to return all external capital to manage money exclusively for industry giant Millennium Management.

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Arrowpoint, led by former Millennium Asia Co-Chief Executive Officer Jonathan Xiong, began trading in July 2024 with $500 million. It counts Canada Pension Plan Investment Board, Blackstone Inc. and the Seviora Capital unit of Singapore’s Temasek Holdings Pte as investors.

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All of its major investment strategies — equities, fixed income, commodities and quantitative trading — have made money in 2026. Its hedge fund gained 14% in the 12 months to May.

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Arrowpoint has been carefully pacing capital raising in line with new hires, even though it has now exceeded the previous target of hitting $2 billion in assets by the end of this year. It employs about 140 people, with 50 more set to start this year. 

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Among them are 15 employees sitting in the Dubai office it opened in February, with another 15 recruited. The firm has signed a lease to move into a new Dubai location triple its current size in mid-2027, the person said.

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