Bobby Jain’s hedge fund, Jain Global, has reached an agreement to manage investment capital for Millennium Management. Under the partnership, Jain’s firm will run money allocated specifically by Millennium, marking a significant collaboration between the two entities. The arrangement brings Jain back into a direct working relationship with his former employer, where he previously served as co-chief investment officer alongside founder Israel Englander, while providing Jain Global with institutional backing from one of the world’s largest multi-manager hedge funds.
- Jain Global has entered into an agreement to manage capital specifically for Millennium Management.
- Bobby Jain previously served as co-chief investment officer at Millennium before departing to establish his own multi-strategy firm.
- The allocation strengthens ties between Jain and Millennium founder Israel Englander.
- The deal grants Millennium access to external investment strategies while expanding Jain Global’s asset base.
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