9/7/2024, 5:21:03 pm

Bobby Jain’s complex hedge fund debut spawns fans and doubters

Bobby Jain, a former Millennium Management executive, has raised $5.3 billion for his new hedge fund, the largest launch since 2018. Key investors include the Abu Dhabi Investment Authority, which contributed around $1 billion. Jain's ambitious plan aims to trade multiple strategies and employ hundreds globally from day one, requiring significant talent acquisition and infrastructure development.