Jain Global Teams Up Exclusively with Millennium, Returns $6B to Investors

Jain Global is pivoting to manage money solely for Millennium, its founder’s former employer, and will return about $6 billion to investors. The exclusive deal gives Millennium access to Jain Global’s multi‑strategy platform while Jain remains independent, with the partnership expected to close in Q3 and aimed at accelerating Jain Global’s growth and offsetting startup costs. Millennium, with about $84 billion AUM, has recently backed external hedge fund talent, and Jain plans to hire roughly 15 portfolio managers by year’s end.