Jain’s Equities Head Townie Wells Leaves to Start Own Hedge Fund

EXCLUSIVE Jain’s Equities Head Townie Wells Leaves to Start Own Hedge Fund Townie Wells, who headed fundamental equities trading at multistrategy investment firm Jain Global, left to start his own hedge fund. The New York-based stock picker departed last week and is in talks for a multi-billion dollar allocation from Millennium Management, according to people with knowledge of the matter. His fundamental long/short equity trading hedge fund will also seek to raise money from other external investors, the people said, asking not to be identified because the details are private.