Jain Global head of equity capital markets Nitin Dewan leaves for Tudor

Nitin Dewan has exited Jain Global, the hedge fund launched by Bobby Jain with USD 5.3 billion in assets, to assume a dual portfolio manager and global head of equity capital markets role at Tudor Investment Corporation in New York. The move represents a notable personnel shift within the alternative investment landscape, as Dewan leaves a recently established fund to join an established multi-strategy hedge fund operator.

Dewan's tenure at Jain Global was brief but strategically timed. He joined the firm in 2024 as it prepared for its institutional launch with USD 5.3 billion in committed capital. His appointment reflected the fund's emphasis on building deep capital markets infrastructure and equity expertise at inception. Prior to Jain Global, Dewan held portfolio manager positions at two significant alternative and traditional asset managers: Brookfield Asset Management and BlueMountain Capital, both of which are recognized for sophisticated investment operations across multiple strategies.

The transition to Tudor represents a move to a larger, established platform. Tudor, founded by Paul Tudor Jones, operates as a multi-strategy hedge fund with institutional investor backing and a global presence. Dewan's dual mandate—portfolio manager combined with global head of equity capital markets—suggests Tudor is prioritizing both alpha generation and infrastructure development within its equities division.

This departure from a newly formed fund to a mature, long-established hedge fund may indicate either strategic realignment at Jain Global or stronger long-term opportunity assessment at Tudor. For institutional investors tracking leadership stability and capital markets bench strength within the hedge fund sector, such moves warrant monitoring as they can signal operational priorities and resource allocation strategies at major alternative managers.