(HedgeCo.Net) The hedge fund industry’s multi-strategy arms race has entered a new phase, and the planned partnership between Millennium Management and Jain Global may prove to be one of the clearest signals yet that scale, infrastructure, capital stability, and platform depth are becoming more important than the old dream of launching a blockbuster stand-alone fund.
Jain Global, founded by former Millennium co-chief investment officer Bobby Jain, was one of the most closely watched hedge fun...
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