Jain Global
Jain Global is a multi-manager hedge fund and global investment management firm founded by investment guru, Bobby Jain. The firm is one of the hottest trends in the financial world right now, bringing together several established hedge fund managers under one umbrella. Jain Global came up short in its bid to be crowned the industry's largest ever launch, failing to reach its original $8bn to $10bn fundraising target. The firm is now targeting a July 2024 launch with $5bn to $6bn in assets.
COMING SOON
Jain Global is expected to add more portfolio managers before the market launch.
The hedge fund will be located in Manhattan and also plans to acquire offices in London, Hong Kong and Singapore.
NOTABLE PICKUPS
Paul Enright will be the chairman of Jain Global's basic equity division. He worked for Viking Global Investors for 12 years and founded his own family finance office six years ago.
The firm also hired Sam Kellie-Smith as the company's head of Asia. The professional, who worked at Morgan Stanley for 26 years, will now be based in Singapore.
James O’Callaghan, a 15-year veteran of UBS, was appointed as head of trading in London.
Anton Merlushkin, the former head of quantitative analysis and technology at Credit Suisse, has also been added to Jain’s London team this month as head of quant modelling and analytics.
Recently, the fund also picked up Adil Hayat, a Morgan Stanley quant, who will be a quantitative researcher in its New York office.
Jain’s other nine global hires include Sam Kellie-Smith, the ex-global head of fixed income trading at Morgan Stanley as the fund’s Head of Asia.
Townie Wells, a former Citadel portfolio manager as chief investment officer and head of fundamental equities.
Peter Bolland, who was last managing money for Schonfeld at Quantbot, as head of quantitative strategies.