Millennium adds Jain Global marketing exec

Multi-strategy manager Millennium Management has hired Chris Mascarinas, who until recently was managing director of marketing and investor relations at Jain Global, according to a report by eFinancial Careers. The report cites unnamed people familiar with the move, which places Mascarinas within Millennium's capital development and investor relations team in New York. That team is led by John Novogratz.

The move follows a structural change at Jain Global. The firm has stopped managing money for external investors and transferred its outside capital to Millennium. Jain Global continues to operate as a standalone business, retaining its portfolio managers, communications team, and investment operations, and it is still recruiting investment talent. Mascarinas's departure is consistent with a reduced need for a dedicated external fundraising operation at Jain, given that the outside capital has moved to Millennium.

Mascarinas joined Jain Global in November 2023 after holding investor relations roles at several investment firms. Jain Global reportedly declined to comment on the hire. The report also notes that it remains unclear whether Jaime Hobbeheydar, Jain Global's chief marketing and investor relations officer, will also move to Millennium.