- Ex-Millennium co-CIO’s new firm set to start trading on July 1
- Jain Global’s launch is biggest since ExodusPoint’s $8 billion
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Bobby Jain has gathered $5.3 billion in commitments for his new multistrategy hedge fund, marking the biggest fundraising haul since ExodusPoint Capital Management’s record debut.
The firm won backing from sovereign wealth giant Abu Dhabi Investment Authority, and has lined up bank wealth platforms including Morgan Stanley, Goldman Sachs Group Inc., UBS Group AG and HSBC Holdings Plc, according to people familiar with the matter. Jain Global will start trading July 1.