Redeem now - Bobby Jain has been assembling his team ahead of a planned summer 2024 launch of Jain Global.
- Jain Global is expected to be one of the largest hedge fund launches ever.
- BI has a running list of Jain Global's hires, including names, job titles, and previous employers.
Since summer, former Millennium executive Bobby Jain has been laying the groundwork for one of the buzziest and largest hedge fund launches ever.
This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in.Jain Global won't be up and running till summer 2024, but the industry is already comparing his multi-strategy fund ambitions with ExodusPoint, the previous industry record-setter with a $8.5 billion launch back in 2018. Exodus founder Michael Gelband also came from the Millennium C-suite, leaving in a huff in part because of the arrival of executives like Jain.
But whereas Gelband stuffed his roster chockablock with former Millennium and Lehman Brothers colleagues, Jain has been hiring leaders from a disparate group of banks and hedge funds, including Citadel, Goldman Sachs, and Morgan Stanley. Avoiding Millennium in the talent hunt confers the distinct advantage of not rousing the bear — founder Izzy Englander — which for Gelband resulted in legal headaches, drama, and, for better or worse, extra attention.
One key distinction between Exodus and Jain Global is the core competency of its founding investors: Gelband was a lifelong fixed-income trader, and Jain a long-time equities executive. Exodus has minted steady profits from strategies in Gelband's wheelhouse, like basis trading, but the equities business stumbled and dragged on returns.
Meanwhile, Jain will be leaning into fundamental equities trading. Once his fund is up to full strength, Jain expects to dedicate 25% of capital toward fundamental stock-picking strategies and another 20% toward equity arbitrage. Jain is angling to hire some 70 investment teams once fully deployed, including 15 to 20 fundamental equities portfolio managers.
Much of his leadership team is now in place, though some executives have not started work at Jain and won't officially come aboard till after its launch.
Business Insider has put together a list of known Jain Global hires based on our own reporting, LinkedIn, and other media reports. We will periodically update the list ahead of the firm's expected launch next July.
A spokesman for the firm declined to comment.
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| Name | Role | Previous firm |
| Nosagie Asaola | Portfolio Finance | Kazimir Partners; BlockFi; Bank of America |
| Jonathan Barton | Chief Operating Officer | Bank of America |
| Daniel Bergelson | Head of Strategy | Barclays |
| Peter Bolland | Head of Quant Strategies | Quantbot Technologies |
| Rich Brown | Global Head of Market Data | Archedata; Citadel |
| Nat Collins | Head of European Operations | Soloda Investment Advisors |
| Matt Croy | Chief Technology Officer | Hudson Bay Capital; D.E. Shaw |
| Sasha Czerniawski | Technology Solutions Manager | Dminti; Jain Family |
| Mike Egan | Chief Operating Officer of Technology | Atalaya Capital |
| Paul Enright | Chairman, Fundamental Equities | Krainos Capital, Viking Global |
| Marc Finkelstein | Deputy General Counsel | Graticule Asset Management; Fortress |
| Noah Goldberg | General Counsel, Chief Compliance Officer | Citadel, Goldman Sachs |
| Mike Gomersall | Treasurer | Pictet Asset Management; Citadel |
| Jaime Hobbeheydar | Chief Marketing & Investor Relations Officer | Elliott Investment Management |
| Paul Jefferys | Portfolio Manager | Citadel |
| Sam Kellie-Smith | Head of Asia | Morgan Stanley |
| Josh Klaff | Portfolio Manager | Segantii Capital Management |
| Ashwin Kumar | Head of Europe | Motive Partners |
| Thomas Levy | Chief Administrative Officer | Global Regulatory Risk Advisors |
| Peter Mager | Chief Technology Architect | Whitebox Advisors |
| Chris Mascarinas | Managing Director, Investor Relations | Sound Point Capital |
| Cameron McKendrick | Business Development | Prelude Capital |
| Anton Merlushkin | Head of Quant Modeling and Analytics | Credit Suisse; Eisler Capital |
| James O'Callaghan | Head of Trading | UBS |
| Mike Scheer | Portfolio Manager | Citadel |
| Thomas Scott-Barton | Singapore Chief Operating Officer | Trovio Group; Aralian |
| Gerhard Seebacher | Chairman of Global Interest Rates & Macro | Boulder Hill; Brevan Howard |
| Brian Siegel | Head of Global Operations | Brookfield Asset Management |
| Ian Smith | Asia Head of Trading | Goldman Sachs |
| Emma Trenchard | Analyst, Marketing and Investor Relations | Brookfield Asset Management |
| Adam Wangner | Global Head of Linear Equity Risk | Riverview Omni Fund, Morgan Stanley |
| Townie Wells | Chief Investment Officer, Fundamental Equities (Americas) | Citadel |
| David Willmor | Chief Architect, Quant Strategies | Quantbot Technologies |
| Robert Zellner | Senior Investment Officer, Office of the CIO | Corbin Capital |
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