Reported 8 months ago
Bobby Jain has successfully raised $5.3 billion for his new multistrategy hedge fund, marking the biggest fundraising since 2018. Jain Global will start trading on July 1, with initial investments from a variety of sources. Jain's fundraising journey included adjusting his target to attract investors and overcoming challenges in a competitive environment. Despite the hurdles, Jain Global has managed to hire 215 people and is set to launch with seven businesses on July 1.
Source: YAHOO