Millennium–Jain Global Deal Reshapes Multi-Strategy Hedge Fund Landscape
Tuesday, May 26, 2026 · first reported by HedgeCo and 1 other
Jain Global, founded by former Millennium co-CIO Bobby Jain, is ceasing external capital raising and will invest exclusively for Millennium Management, signaling the competitive advantage of mega-platform scale, centralized risk infrastructure, and balance-sheet strength over independent launches.
- Fund
- Jain Global
- People
- Bobby Jain
- Asset class
- Hedge funds
- Geography
- North America
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