Bobby Jain’s hedge fund ended 2024 flat after its first six months of buying and selling, in keeping with traders.
Jain International, based by the previous co-chief funding officer of Millennium Administration, was the biggest hedge fund launch in recent times. Jain International declined to remark.
Its efficiency, albeit just for half a 12 months, contrasts with the remainder of the multi-manager sector, the place many names together with Citadel, Millennium Administration, Balyasny Asset Administration and ExodusPoint recorded double-digit returns final 12 months.
Jain International instructed traders it launched with $5.3bn in commitments, under its preliminary goal of as a lot as $10bn.
Multi-manager funds commerce a variety of methods throughout equities, fastened earnings, commodities, currencies and different markets.
