Jain Global to Return Investor Cash, Manage Funds for Millennium
Hedge fund Jain Global has announced plans to return capital to its investors and will subsequently manage money exclusively for Millennium. This strategic shift was confirmed by multiple sources.
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Jain Global to Return Cash, Exclusively Manage Millennium Money - Bloomberg.com
Jain Global to Return Cash, Exclusively Manage Millennium Money Bloomberg.com
Read full article →Hedge fund Jain Global plans to return cash to investors
Eponymous firm launched by Bobby Jain will instead manage money exclusively for his alma mater Millennium
Read full article →Jain Global is striking a deal to return investor capital and manage money exclusively for Millennium
Patrick McMullan via Getty Images Jain Global is pivoting to manage money exclusively for Millennium, its founder's former employer. Jain Global will return about $6 billion to investors. The deal gives Jain Global access to Millennium's resources to accelerate its growth. In a surprise move, one of the largest hedge fund launches in recent memory is returning money to its investors and striking a deal to invest exclusively for industry titan Millennium Management. Nearly two years after la...
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