Key Takeaways
- • Jain Global is expanding its Asian footprint with new hires and a 50% enlargement of its Hong Kong office from early 2027, according to people familiar with the matter cited by Bloomberg, adding about 25 employees.
- • Hong Kong accounts for roughly 60% of Jain Global's approximately 75 Asian staff, underlining the region's importance to the firm's growth strategy.
- • The expansion coincides with Bobby Jain's multi-strategy fund preparing to stop managing outside investor capital and to run assets exclusively for Millennium Management.
- • Recent hires include Jordan Miyakawa (IMC Trading, discretionary macro PM in Singapore), Matthieu Millot (HSBC, single-stock derivatives) and Ian Wong (Balyasny, industrials PM).
- • Amir Ravan, a Singapore-based precious metals PM and one of Jain Global's stronger performers last year, is departing to become head of commodities at Dymon Asia Capital.
Summary
Jain Global is expanding its Asian presence through new hiring and additional office space in Hong Kong, even as Bobby Jain's multi-strategy hedge fund prepares to transition away from external investors and manage capital exclusively for Millennium Management, according to a report by Bloomberg.
According to people familiar with the matter, the firm has agreed to increase the size of its Hong Kong office by 50% from early 2027, adding space for about 25 more employees. Hong Kong currently houses around 60% of Jain Global's approximately 75 staff in Asia, highlighting the region's central role in the expansion strategy.
The firm has continued recruiting across Asia ahead of the new Millennium arrangement. Recent additions include Jordan Miyakawa from IMC Trading, who joins as a discretionary macro portfolio manager in Singapore, and Matthieu Millot from HSBC, who will focus on single-stock derivatives. Jain Global has also hired Ian Wong, formerly of Balyasny Asset Management, as an industrials-focused portfolio manager.
The hiring push is occurring alongside notable departures. Amir Ravan, a Singapore-based portfolio manager specialising in precious metals and one of Jain Global's stronger performers last year, is leaving to become head of commodities at Dymon Asia Capital. Jain Global reportedly declined to comment on the report.
According to people familiar with the matter, the firm has agreed to increase the size of its Hong Kong office by 50% from early 2027, adding space for about 25 more employees. Hong Kong currently houses around 60% of Jain Global's approximately 75 staff in Asia, highlighting the region's central role in the expansion strategy.
The firm has continued recruiting across Asia ahead of the new Millennium arrangement. Recent additions include Jordan Miyakawa from IMC Trading, who joins as a discretionary macro portfolio manager in Singapore, and Matthieu Millot from HSBC, who will focus on single-stock derivatives. Jain Global has also hired Ian Wong, formerly of Balyasny Asset Management, as an industrials-focused portfolio manager.
The hiring push is occurring alongside notable departures. Amir Ravan, a Singapore-based portfolio manager specialising in precious metals and one of Jain Global's stronger performers last year, is leaving to become head of commodities at Dymon Asia Capital. Jain Global reportedly declined to comment on the report.
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