Is Jain more similar to Holocene or Millennium?
Jain is often referred to as a pod shop. But it sounds like they only have one pod per sector, and a lot of the capital is run out of the cio’s book. With this structure in mind, is Jain (equities specifically) more similar to C/M/P or Holocene / candlestick / Viking?
Don’t know but would guess Millennium. For one they are across strategies not just L/S and two would imagine that they run pretty tight risk limits even against somewhere like Holocene
Thanks. I thought risk limits were looser than the big 3 but not sure. Also, enright is chair - not sure if that means anything
Curious, is the Anti-Pod pitch just marketing?
haha it's closer to T Bills than those if we take into account returns
More similar to Holocene - can take industry level views / risk and all teams work together.
ehh - they're trying to be but in reality most of their hires are from the pods anyways and they tend to run more like that. there's not really a "sector head" approach anymore (lot of turnover already) so you have PMs across the board and then a center book as well which acts as a best ideas portfolio
i think stylistically it is far more similar to the normal pod style with a center book concentrated at the middle rather than a Holocene who has sector heads and then is analyst heavy - Holocene style almost mimics that of Melvin with pod-esque risk management whereas Jain is more like MLP/Citadel with a center book and maybe some folks from tiger cubs as senior investors
what is a senior investor at jain? is that a PM for center book?
i think so, not entirely sure lol
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