Bobby Jain, the CEO and CIO of Jain Global, has spent much of his career inside some of the biggest names in finance from Credit Suisse to Millennium before striking out to build his own hedge fund. Now, he has gone back into a partnership with Millennium and says his decision signals where hedge funds are heading.   

In an exclusive interview with Bloomberg's Nishant Kumar, Jain explains what was he trying to build and why scale matters more than ever. He talks about how AI could accelerate consolidation, the math behind multistrategy hedge fund giants and the fees they charge, the rise of SMAs, the fierce war for talent and his ideal trader. Jain also discusses his childhood in Queens, his love of reading and what he wants to build over the next decade.

Bobby Jain, the CEO and CIO of Jain Global, has spent much of his career inside some of the biggest names in finance from Credit Suisse to Millennium before striking out to build his own hedge fund. Now, he has gone back into a partnership with Millennium and says his decision signals where hedge funds are heading.&nbsp; &nbsp; In an exclusive interview with Bloomberg's Nishant Kumar, Jain explains what was he trying to build and why scale matters more than ever. He talks about how AI could accelerate consolidation, the math behind multistrategy hedge fund giants and the fees they charge, the rise of SMAs, the fierce war for talent and his ideal trader. Jain also discusses his childhood in Queens, his love of reading and what he wants to build over the next decade.

Listen for reporting from the magazine that helps global leaders stay ahead. Hosts Carol Massar and Tim Stenovec cover the changing world of money, power and technology. You can watch and listen to Businessweek LIVE on YouTube, weekdays from 2PM to 5PM ET: http://bit.ly/3vTiACF. 

Listen for reporting from the magazine that helps global leaders stay ahead. Hosts Carol Massar and Tim Stenovec cover the changing world of money, power and technology.&nbsp;You can watch and listen to Businessweek LIVE on YouTube, weekdays from 2PM to 5PM ET:&nbsp;<a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.&nbsp;

Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories of global technology, politics, economics and more by harnessing the power of Bloomberg Businessweek reporters and editors.

Bloomberg Businessweek

Special Episode: Bobby Jain on Why He Chose Millennium Again

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/02009a53-2d27-41d3-a751-b4fe00d96e3e/transcript