Former Millennium Co-CIO Bobby Jain has tapped Elliot Management veteran Jamie Hobbeheydar to head up investor relations and marketing at the new multi-strategy, multi-manager firm he is set to launch next year, according to a report by Bloomberg.

Former Millennium Co-CIO Bobby Jain has tapped Elliot Management veteran Jamie Hobbeheydar to head up investor relations and marketing at the new multi-strategy, multi-manager firm he is set to launch next year, according to a report by Bloomberg.

Earlier this week, Jain announced the appointment of BofA Managing Director and Head of Equities Product Development and Strategic Initiatives Jonathan Barton as Chief Operating Officer at Jain Global, which is expected to be the biggest ever hedge fund launch when it begins trading next year, surpassing the $8bn debut of Michael Gelband’s ExodusPoint Capital Management.

Hobbeheydar, spent 14 years at Elliot where he led investor relations, joining the $55bn firm when it oversaw just $15bn.

Under the terms of Jain's exit agreement from Millennium, he has been prevented from hiring staff until the start of this month and cannot begin collecting capital for his new fund until July 2024.