ExodusPoint Capital Management is introducing a new policy to expand its bonus clawback provisions, specifically targeting senior non-investment staff.

This action is a response to the ongoing competition for talent in the hedge fund industry, which has traditionally focused on top portfolio managers.

The revised policy states that employees who leave the company before the end of 2024 will be required to repay a portion of their bonuses for that year, with the maximum amount being 40%.

This decision highlights the firm's efforts to retain talent in a challenging labor market, as companies strive to secure their workforce in a competitive environment.