Balyasny’s Joanne Lim is the latest in a string of high-profile hires for the new hedge fund, which this week raised US$5.3bn in the biggest launch since 2018.Â
The Hong Kong-based senior equities trader joins Jain Global from Balyasny Asset Management in Hong Kong, where she spent several years, prior to which she was an algorithmic and portfolio trader with AB Bernstein. She has also held sales trading roles with Societe Generale, CITC and Maybank across both Singapore and Hong Kong.
Lim follows in the footsteps of other high profile hires to the new hedge fund, founded by ex-Millennium Management co-CIO (and former Credit Suisse MD) Bobby Jain with former Bank of America MD Jonathan Barton as his COO. In October 2023 15-year UBS veteran James O’Callaghan became Jain’s London-based head of trading. In May this year, the fund confirmed ex-JP Morgan alumnus Jeremy Wyatt as EMEA head of trading. In June the EMEA team expanded further with the hiring of former Credit Suisse sales trader Emily Facchina Fluet, and the firm is reported to have hired around 50 new staff members for its London office.
READ MORE: Ex-Millennium hedge fund start-up poaches head of trading from JP Morgan
With a global team already over 215 employees across seven divisions, Jain Global is now building out its APAC footprint, which is expected to operate primarily as a multi-manager platform. The current Asia-Pacific team is headed by Sam Kellie-Smith, formerly of Morgan Stanley, as APAC Chief investment officer and CEO, based in Singapore. He is joined by Ian Smith, previously head of securities electronic execution Asia with Goldman Sachs, as Asia head of trading; alongside Thomas Scott-Barton (former CEO of Aralian Capital) as COO.
One of the most highly-anticipated hedge fund launches in recent memory, Jain Global originally started out with ambitions to raise US$8-10m in capital, although this was subsequently modified to a US$5-6bn target. According to sources, the fund this week raised a reported US$5.3bn from investors including the Abu Dhabi Investment Authority (ADIA), in the biggest hedge fund launch since Michael Gelband’s US$8bn for ExodusPoint Capital in 2018.
The fund expects to go live on Monday July 1, 2024.
© Markets Media 2024.
