Jain Global equities head exits to launch hedge fund with potential Millennium backing
Monday, November 9, 2026 · first reported by Hedgeweek and 2 others
Townie Wells has quit Jain Global, where he led fundamental equities, to set up a long/short equity hedge fund, Bloomberg reports. The New York-based portfolio manager left last week. He is talking to Millennium Management about a possible multibillion-dollar allocation and intends to bring in money from outside investors as well.
Jain Global returned all external capital and has run money only for Millennium since early September. Wells, a former Citadel trader, held comparable talks with Millennium three years ago.
- Firm
- Jain Global
- Also named
- Millennium Management
- Stage
- Launch
- People
- Townie Wells
- Asset class
- Hedge funds
- Geography
- North America
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