Hedge Funds

Jain Global hits 300 staff with BlueCrest, Schonfeld hires

Bobby Jain’s new hedge fund is bolstering its team as it looks to put $5bn to work

Jain’s launch is being hotly watched by the sector
Jain’s launch is being hotly watched by the sector Photo: Patrick T. Fallon/Getty

Former Millennium co-CIO Bobby Jain’s new hedge fund has doubled its headcount since May, despite a tough year for the industry.

Jain Global, which debuted on 1 July with $5.3bn in capital, now has over 300 staff, up from 150 in May last year, according to people familiar with the matter. Jain Global’s team is spread across New York, Houston, London, Singapore and Hong Kong offices.

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