(Bloomberg) — Bobby Jainâs hedge fund hired former Brookfield portfolio manager Nitin Dewan as head of equity capital markets, according to people familiar with the matter.
As head of ECM, Dewan will focus on a strategy that involves trading blocks of stocks and shares allocated via initial public offerings and secondary issuance, the people said. Heâll start in April.
A representative for New York-based Jain Global declined to comment.
Jain, a former Millennium Management co-chief investment officer, has secured more than $3 billion of commitments in its anchor share class â roughly half of his goal â and made several senior hires ahead of the firmâs July trading debut.Â
Read More: Bobby Jain Raises $3 Billion Ahead of Hedge Fundâs July Debut
Before 2019, when he joined Brookfield Hedge Solutions Advisors â which shuttered last year â Dewan worked at BlueMountain Capital Management and BlueMar Capital, according to his LinkedIn profile.Â
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