One part of Jain Global is up in the air as its deal with hedge fund giant Millennium moves ahead

Source: Business Insider

Bobby Jain, left, is returning external capital to exclusively manage money for Izzy Englander's Millennium. Patrick McMullan via Getty ImagesThe proposed tie-up between Izzy Englander's Millennium and Jain Global was announced nearly a month ago. Since then, Jain Global has told employees to maintain the status quo.