Jain Global expands Asian operation ahead of Millennium capital tie-up
Jain Global is expanding its Asian presence with new hires and additional office space in Hong Kong as Bobby Jain’s multi-strategy hedge fund prepares to transition away from external investors and manage capital exclusively for Millennium Management, according to a report by Bloomberg.
Jain Global is bolstering its Asian operations in anticipation of a tie-up with Millennium Management, as reported by Bloomberg. The multi-strategy hedge fund is set to transition away from external investors and manage capital exclusively for Millennium. Bloomberg sources reveal that Jain Global has committed to expanding its Hong Kong office by 50% starting early 2027, which will add approximately 25 new employees.
Currently, Hong Kong houses around 60% of the firm's approximately 75 staff in Asia, highlighting the region's significance to Jain Global's growth strategy.
Despite some notable departures, Jain Global's expansion efforts persist. Jordan Miyakawa, formerly with IMC Trading, joins Jain Global as a discretionary macro portfolio manager in Singapore. Matthieu Millot, hailing from HSBC, will concentrate on single-stock derivatives. Additionally, Ian Wong, once employed by Balyasny Asset Management, has been hired as an industrials-focused portfolio manager.
These moves come amidst a backdrop of high-profile exits, including Amir Ravan, a Singapore-based portfolio manager specializing in precious metals, who is departing to lead commodities at Dymon Asia Capital.
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