Jain Global, the hedge fund founded last year by former Millennium chief investment officer Bobby Jain, is one year old. It’s finally finding its feet, and insiders there only have fine things to say about their leader.
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Founded in July last year, with $5.3bn of investor commitments at launch, Jain Global had leveraged this up to $19bn of investments when it filed its recent ADV form in April. At that time, it employed 265 people in the US, of whom 139 were working on investment and advisory functions. It now employs 350 people globally, spread between New York, London, Hong Kong and Singapore.
Initially, returns at the fund lagged. Jain Global end 2024 very slightly up but lost 0.6% in July 2024 and 0.5% in August ’24. It then lost 0.9% and 1% in February and March 2025. But through to June 2025, it was up 2.2%, putting it on par with performance at (much larger) Millennium. Bobby Jain can feel pretty good about things.
Insiders at Jain Global also feel pretty good about Bobby Jain. “Everything is going great,” says one senior portfolio manager at the firm, speaking on condition of anonymity. “It’s a fantastic firm and Bobby Jain is a great guy to work for. You can tell this from all the people who have stuck by him and worked with him for years. Loyalty goes a long way with him, and that’s a good sign. He’s building for the long term.”
It’s not just one senior PM. Speaking to Financial News, insiders declared Bobby to be “dynamic,” “engaging” and to have a “macro view.” One former Millennium colleague, informs us that Bobby is a “truly great and very capable guy.”