- Jain Global, one of the largest hedge fund launches ever, is set to start trading Monday.
- Bobby Jain has been assembling an impressive team ahead of the planned launch.
- See BI's running list of 135-plus Jain Global hires, including names, job titles, and past employers.
This story was first published in December of 2023 and has been periodically updated with new names, including 35 additions in June.
One of the most anticipated hedge fund launches ever is about to kick off.
On Monday, Jain Global will start trading for the first time since former Millennium executive Bobby Jain started laying the groundwork for what has since become one of the industry's buzziest startups. He's launching with $5.3 billion in commitments, Bloomberg reported — making it one of the biggest hedge fund launches in history.
Early on, Jain set his sights on becoming the largest launch on record, drawing inevitable comparisons to ExodusPoint, the previous industry record-setter with a $8.5 billion launch back in 2018.
But Jain Global encountered a more dour fundraising climate, including stiff competition from private-credit funds, and by the time Jain set a formal capital target this January — he couldn't touch investors from his former employer until the start of 2024.
Jain reportedly offered juicy terms and discounted fees to investors who came aboard quickly and ponied up a lot of cash.
While short of ExodusPoint's mark, the reported $5.3 billion capital haul is still enormous by historical standards, and ExodusPoint, despite — or perhaps because of — that unwieldy sum of money to deploy, hasn't lived up to its lofty expectations.
One key distinction between Exodus and Jain Global is the core competency of its founding investors: Michael Gelband was a lifelong fixed-income trader, and Jain was 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.
The firm is launching with 215 people, including 42 PMs, according to Bloomberg.
Much of his leadership team — he has been hiring execs from a disparate group of banks and hedge funds, including Citadel, Goldman Sachs, and Morgan Stanley — 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 put together a list of known Jain Global hires based on our own reporting, LinkedIn, and other media reports in December. We've periodically updated the list ahead of the firm's launch. As of late June, BI's list numbers about 140 people.
A spokesman for the firm declined to comment.
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Name | Role | Previous firm |
Christian Allen | Portfolio Manager | LoanVerify; Hartree Partners |
Neha Amin | Treasury | BlackRock |
Davin Ang | Senior analyst, industrials | ExodusPoint; Holocene |
Carrie Anton | Director, Market Data | Sculptor Capital |
Nosagie Asaola | Portfolio Finance | Kazimir Partners; BlockFi; Bank of America |
Jared Annapolen | Head of US Operations | Brookfield Asset Management |
Daniel Barnett | Trading Operations Analyst | Ardevora Asset Management |
Jonathan Barton | Chief Operating Officer | Bank of America |
Bryan Beauchesne | Senior Portfolio Manager, fundamental equities | Surveyor Capital, Citadel |
Daniel Bergelson | Head of Strategy | Barclays |
Jason Bernzweig | Senior analyst, sector head | Impala Asset Management; Zelman Capital |
Jeff Bersh | Portfolio Manager, high yield and distressed strategy | Venor Capital |
Peter Bolland | Head of Quant Strategies | Quantbot Technologies |
George Bonne | Head of Equity Portfolio Research | MSCI |
Daniel Braziller | Senior Analyst | PointState Capital |
Alexander Brandt | Senior Data Scientist | Advent International; Citadel |
James Bright | Investment Analyst | Brookfield Asset Management |
Caesar Brito | Fund Controller | Schonfeld; KPMG |
Michelle Brode | Director of Portfolio Manager Onboarding | JPMorgan |
Rich Brown | Global Head of Market Data | Archedata; Citadel |
Dmitry Bykov | Global Head of Infrastructure | Twinstake; Rokos Capital |
Mark Cannan | Portfolio Manager, Investment Grade Credit | Balyasny |
Pietro Carrieri | Quantitative Developer | ExodusPoint; Edgewater Markets |
Hank Chance | Controller | ExodusPoint |
Tariq Chaudhri | Portfolio Manager, fundamental equities | Balyasny |
Zefu Chen | Quantitative Researcher | GTS |
Suraj Chopra | Portfolio Manager, fundamental equities | Force Hill Capital |
Nat Collins | Head of European Operations | Soloda Investment Advisors |
Jackston Chua | APAC Product Controller | Industrial and Commercial Bank of China; BlueCrest |
James Copeland | Head of Product Control | The Carlyle Group; BlueCrest Capital |
Matt Croy | Chief Technology Officer | Hudson Bay Capital; D.E. Shaw |
Sasha Czerniawski | Technology Solutions Manager | Dminti; Jain Family |
Rachel D'Antonio | Deputy COO | Point72 |
Chelsea DeLiberto | Portfolio Financing | Barclays |
Rahul Deshpande | Head of Business Analysis, UK | Coremont; Rokos |
Nitin Dewan | Head of Equity Capital Markets | Brookfield Asset Management |
Lawrence Edwards | Systematic Trading | ExodusPoint |
Mike Egan | Chief Operating Officer of Technology | Atalaya Capital |
Paul Enright | Chairman, Fundamental Equities | Krainos Capital, Viking Global |
Emily Facchina Fluet | Execution Trader | Credit Suisse |
Clark Fenton | Senior Investment Officer, Office of the CIO | Trium Capital |
Evan Fiedler | Portfolio Manager, fundamental equities | D1 Capital; Balyasny |
Rob Fullman | Fixed Income Financing | Barclays |
Marc Finkelstein | Deputy General Counsel | Graticule Asset Management; Fortress |
Ryan Gentilcore | Head of Commodity Operations | Balyasny; Axpo Group |
Luigi Gentile | Portfolio Manager, global macro | Garda Capital; Light Sky Macro |
Jason Greenberg | Portfolio Manager | BlueCrest |
Noah Goldberg | General Counsel, Chief Compliance Officer | Citadel, Goldman Sachs |
Richard Goldman | Research Software Engineer | PIMCO |
Mike Gomersall | Treasurer | Pictet Asset Management; Citadel |
Samuel Gooch | Trading Operations Analyst | Lijaro Asset Management |
Vikas Goyal | Head of Trading Technology | Brookfield Asset Management |
Rajiv Gupta | Commodities Technology Lead | Sapient Global Markets |
Sant Gupta | Portfolio Manager, global macro | Crescent Asset Management; Nomura |
Brendan Hall | Analyst, High Yield & Distressed | Brean Asset Management |
Stephen Haratunian | Chief Risk Officer | Millennium |
David Hauck | Product Controller | Goldman Sachs |
Adil Hayat | Quantitative Researcher | Morgan Stanley |
Nicholas Heisler | Investment Analyst | Force Hill Capital |
Emil Henry | Investment Analyst | Force Hill Capital |
Pratik Hegde | Head of Trading Operations and Compliance | D.E. Shaw |
Jaime Hobbeheydar | Chief Marketing & Investor Relations Officer | Elliott Investment Management |
David Hochberg | Head of Commodities | Macquarie |
Mark Hokanson | Senior Investor, CIO team | Balyasny; Citadel |
Nicolas Hutchings | Senior Quantitative Modeler | Balyasny; Morgan Stanley |
Paul Jefferys | Portfolio Manager, systematic equities | Citadel |
Genevieve Kahr | Senior investor | Greenoaks Capital; Point72 |
Sam Kellie-Smith | Head of Asia | Morgan Stanley |
Josh Klaff | Portfolio Manager, equities | Segantii Capital Management |
Ashwin Kumar | Head of Europe | Motive Partners |
Manish Kumar | Head of US Business Intelligence | Neuberger Berman; Sculptor |
Alex Kolb | Quantitative Analyst | PIMCO; Rokos |
Thomas Levy | Chief Administrative Officer | Global Regulatory Risk Advisors |
Alex LaMagdelaine | Head of Treasury Operations | Tilden Park Capital |
Choey (Qinrou) Li | Quantitative Researcher | NYSE |
Joanne Lim | Senior Trader | Balyasny |
Lu Lu | Global Head of Rates/Macro Risk | Alphadyne |
Vivian Lui | Compliance Officer | PAG; Segantii |
Peter Mager | Chief Technology Architect | Whitebox Advisors |
Dominic Magnabosco | Portfolio Manager, power | Citi; Macquarie |
Richard Martin | Portfolio Manager, systematic credit | Apollo Global |
Chris Mascarinas | Managing Director, Investor Relations | Sound Point Capital |
Suhas Mathur | Machine Learning Lead | Bloomberg; Two Sigima |
Cameron McKendrick | Business Development | Prelude Capital |
Anton Merlushkin | Head of Quant Modeling and Analytics | Credit Suisse; Eisler Capital |
James Murray | Deputy Chief Compliance Officer | Centiva Capital; York Capital |
Anurag Nema | Portfolio Manager, commodities | BNP Paribas |
Matthew Ney | Trader | Tourmaline; Viking Global |
James O'Callaghan | Head of Trading | UBS |
Eugene O'Friel | Software engineer | Beacon Platform |
Matthew Oswald | Deputy Chief Compliance Officer, EMEA | Squarepoint Capital; M&G |
Sebastian Pancratz | Senior Quantitative Modeler | Credit Suisse |
Syril Pathmanathan | Head of Strategic Transactions Group | D.E. Shaw; Credit Suisse |
Charles Pehlivanian | Senior Risk Developer | JPMorgan Chase |
Erik Penney | Trader | Brookfield Asset Management |
Herb Petry | Portfolio Manager, Commodities | Pacific Summit Energy |
Jonathan Plattner | Portfolio Manager | Jane Street |
William Reid | Consumer Sector Head - JαK Investment Management at Jain Global | Cinctive; Segantii |
Sarah Rogers | General Counsel, EMEA | Farallon Capital; Clifford Chance |
Andrew Rosslee | Head of Business Analysis US | Ares Management; Angelo Gordon |
Aaron Rotkel | Managing Director, Investor Relations | Morgan Stanley |
Ranjeet Sahni | APAC Compliance Lead | Torq Capital; Dymon Asia Capital |
Ocean Salazar | Risk Analyst | Morgan Stanley |
David Salpeter | Head of leveraged finance research | Citadel; Goldman Sachs |
Neera Sapra | Investment Officer | Woodline |
John Sayour | Software Developer | GTS; Fidessa |
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 |
Jia Shao | Product Development | Citi; UBS |
Stan Shpetner | Senior analyst, sector head | Segantii Capital Management; Pickering Energy Partners |
Caitlin Sikes | Deputy General Counsel | Stroock & Stroock & Lavan |
Collin Siok | Senior Investor, CIO book | FJ Capital |
Bradley Smith | Head of Portfolio Manager Onboarding | West Tower Group; Melvin Capital |
Ian Smith | Asia Head of Trading | Goldman Sachs |
Paul Smith | Portfolio Manager, energy | Hartree Partners; Constellation |
Edward Sorenson | Head of APAC Portfolio Finance | ExodusPoint; Morgan Stanley |
Benedict Stoddart | Portfolio Manager | Morgan Stanley; Credit Suisse |
Sandra Xiaoxue Sun | Quantitative Researcher | Morgan Stanley |
Josh Tennefoss | Head of Fundamental Strategies Technology | Citadel, Surveyor Capital |
Gerin Tertilt | Portfolio Manager, global macro | Fulcrum Asset Management |
Tyler Tilton | Trading Operations Analyst | Elliott Investment Management; Vanguard |
Mark Thatcher | Head of APAC Risk | Goldman Sachs |
Cameron Thum | Investment Analyst, Fundamental Equities | Alta Park Capital |
Emma Trenchard | Analyst, Marketing and Investor Relations | Brookfield Asset Management |
Trang Uttamchandani | Head of Asia Operations | Myriad Asset Management |
Adam Wangner | Global Head of Linear Equity Risk | Riverview Omni Fund, Morgan Stanley |
Qian Wan | Software engineer | LinkedIn; Clear Street; Blackstone |
Townie Wells | Chief Investment Officer, Fundamental Equities (Americas) | Citadel |
Clifton White | Research and Trading Strategy | Millennium; Southwestern Energy |
Julien Whitter | Investment Analyst | LMR Partners; Tremblant Capital |
David Willmor | Chief Architect, Quant Strategies | Quantbot Technologies |
Nathan Wolman | Senior Investor, CIO book | Surveyor Capital (Citadel); Millennium |
Jeremy Wyatt | Head of EMEA trading | JPMorgan; WorldQuant |
Cassie Yu | Quantitative researcher | Schonfeld |
Sonia Zakharenko | Deputy General Counsel | Schulte Roth & Zabel; Kirkland & Ellis |
Robert Zellner | Senior Investment Officer, Office of the CIO | Corbin Capital |