Anyone know much about Jain’s new fund?
Heard it’s supposed to be a huge launch and they named a few executives already. Curious if anyone knows any PMs or Business Dev folks going there.
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deltahedged_, shame nobody has responded. Maybe one of these topics will help:
More suggestions...
Hope that helps.
Bump
My PM recently left to go there, hearing lots of 7-8 figure guarantees being thrown out by Bobby. IMO it's the epitome of the crazy MM launches we've seen recently. Just madness.
Sounds like ExodusPoint Jr.
Does sound like it but the guarantees I've been hearing sound too good to be true. I'm gonna as far as to say it's Exodus 2.0, not jr, both in terms of talent acquisition and AUM.
Curious to see where this era of MMs leads us.
Can you send me a DM
can you also send me a DM... talking to Paul in a few weeks.
Hey do you please mind DMing me? I talk to Paul this Tuesday and would really appreciate any tips.
Are you Equity L\S or Macro?
Recently Global head of Central Risk Book in BB joined there as head of trading execution, for building all the centralized trading systems
Wait Paul Enright is chairman of Jain's new firm? Wow
Launching a new firm in your 50s just sounds rlly tiring btw. Just sayin'. Respect this guy's work ethic
I mean Jain probably paid him a fuck ton of money so the guy is probably like yolo why not
Just a copy cat of mlp? Anything different in terms of strategies, drawdowns, risk mgt, office locations?
Sounds very different
Sarcasm? If really different, mind elaborating? Thanks
How
I love the move of hiring Enright - everyone has listened to the Enright episode of capital allocators - so allocators will be like “Paul Enright - I heard him on that podcast” - cuts check for new fund
Per bloomberg, they're cutting fees to get in clients so perhaps fundraising not going as well as expected. I've heard through my network that they're a bit desperate for talent so have made some PM offers that wouldn't make any sense elsewhere due to lack of record.
I don't think 50bn more LP capital to the space in last few years resulted in similar growth in talent pool.
FYI they are on record saying quant won't be a significant part of their strategies
They are probably soft launching with 3BN and will grow over time. The PMs joining (publicly that is) have not been superstars but I’d imagine there are some none public hires that are.
A bigger launch this year that is sneakily quiet is Taula - believe they are launching with 5BN+
5bn in Millennium dollars means closer to 1bn in real money
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