Jain Global has hired Jon Stead, Morgan Stanley’s head of high-yield trading in London, in a move that could see the multi-strategy hedge fund expand its European credit trading operation, according to a report by eFinancial Careers. Stead recently resigned from Morgan Stanley after leading its London high-yield trading business. Multiple sources have confirmed that he is joining Jain Global, although the hedge fund and Stead have not publicly commented on the move. The appointment comes as Jain continues to strengthen a platform that was deliberately designed around multiple independent investment strategies. Jain Global generated a 0.5% return during the second half of 2024 and gained 3.7% in 2025 as it continued deploying capital.