Hedge fund Millennium ingested Jain Global's main marketing guy

Chris Mascarinas, who until recently served as managing director of marketing and investor relations at Jain Global, has joined Millennium Management's capital development and investor relations team in New York, according to Opalesque. He will sit within the group led by John Novogratz, who has spent 17 years at Millennium. The role places Mascarinas in the function responsible for communicating with existing investors and raising capital for the firm, a area that has grown in importance for large multi-strategy managers competing for institutional allocations.

The move was also reported by eFinancialCareers under the headline "Hedge fund Millennium ingested Jain Global's 2nd top marketing guy." That characterization differs from the headline of the original report, which describes Mascarinas as Jain Global's main marketing figure. The two accounts agree on his function, marketing and investor relations, but not on his rank within Jain Global's team.

The original Opalesque summary is truncated before it explains the context of his departure from Jain Global, so the circumstances of the move and any compensation or non-compete terms are not reported in the available material. Neither Millennium nor Jain Global has been quoted in the available coverage. Hiring of marketing and investor relations personnel between competing hedge fund platforms is a routine development, but the shift of a senior investor-facing professional from one multi-strategy firm to another is closely watched by allocators and competing managers.