Jain Global Slashes Target to as Low as $5 Billion Before Debut
01/19/2024 08:20
Bobby Jain told investors his hedge fund now aims to debut with $5 billion to $6 billion — a target far below its earlier ambitions to start with as much as $10 billion, according to people familiar with the matter.
Bobby Jain told investors his hedge fund now aims to debut with $5 billion to $6 billion — a target far below its earlier ambitions to start with as much as $10 billion, according to people familiar with the matter.
Jain Global had originally hoped to top ExodusPoint Capital Management’s prior $8 billion launch, to become the largest-ever hedge fund startup.